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Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials...

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Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 83,500 80,500 103,300 72,900 28,100 16,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 45,000 22,750 0 Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $ 17,600 70,400 143,800 Pactory Overhead (Actual conto) Indirect materials used Indirect labor used Other overhead costs $18,000 55,800 51,000 Factory Overhead Rates Cutting (150% of direct materials used) stitching (1201 of direct labor uned) Sales $416,000 Work In Process (WIP) - Cutting Work In Process (WIP) - Stitching Finished Goods (FG)

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