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  3. 16 sierra company manufactures soccer balls in two

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

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16 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 Ending Part 1 of 2 Inventory Inventory Work in process inventory-Cutting 243,500 160,500 Work in process inventory Stitching 263, 300 122 , 500 Finished goods inventory 60, 100 48 , 250 11 points The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $125, 000 Direct materials used Cutting 26, 750 Direct materials used-Stitching Direct labor Direct labor-Cutting $ 25, 600 Direct labor-Stitching 102, 400 Total factory payroll paid (in cash) 187,000 Factory Overhead (Actual costs) Indirect materials used $ 75, 600 Indirect labor used 59,000 Other overhead costs 67,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (1208 of direct labor used) Sales $1, 056,000 Mc Graw

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