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: Beginning Inventory Ending Inventory Work in process inventory-Cutting 103,500 90,500 Work in process inventory-Stitching 123,300 79,100 Finished goods inventory 32,100 20,250 The following additional information describes the company's production activities for May.

R equired information Problem 20-1A Production cost flow and measurement; journal entries LO P1 [The following information applies to the questions displayed below.) Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitch production at the beginning of the Cutting process. The following information is available Raw materials inventory Work in process inventory-Cutting Work in process inventory Stitching Finished goods inventory Beginning Inventory $16,000 63,500 83,300 24, leo Ending Inventory $17,950 70.500 66,700 12,250 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 5 35.000 22,250 Direct Tab 12 of 2 Next > Saved Check my work mode : This shows what is correct or incorrect for the work yo The following additional information describes the company's production Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 35,000 22,250 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 16,699 66,490 138, 40e Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 10,800 55,400 49,000 Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 35,00 22,250 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 16,689 66,480 138,400 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 10,800 55,400 49,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $336,000 Piex1 2 of 2 Competeu su Tor. It does Required information RM - April 30 RM purchases RM - May 31 Raw Materials (RM). 16.000 Indirect materials used 35.000 Direct materials - Cutting 17.950 22 250 10.800 35.900 219 430 WIP - April 30 Direct materials - Stitching Direct labor. Cutting Overapolled overhead - Cutting % $ Work in Process (WIP) Stitching 83.300 Cost of goods sold 66,400 56.750® 79,680 66.700 Factory Overhead 1 2 of 2 Next > id Windows to be a 9 W WORMode