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

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Accounting

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:
The following additional information describes the company's production activities for May.
Direct materials
Raw materials purchased on credit $25,000
Direct materials used-Cutting 21,750
Direct materials used-Stitching 0
Direct labor
Direct labor-Cutting $15,600
Direct labor-Stitching 62,400
Factory Overhead (Actual costs)
Indirect materials used $6,000
Indirect labor used 55,000
Other overhead costs 46,505
Factory Overhead Rates
Cutting (150% of direct materials used)
Stitching (120% of direct labor used)
Sales $256,000
Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of May.
Dates:
to: April 30
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