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Required information [The following information applies to the questions displayed below.] Sierra Company...

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Accounting

Required information
[The following information applies to the questions displayed below.]
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.
\table[[,\table[[Beginning],[Inventory]],\table[[Ending],[Inventory]]],[Raw materials inventory,$71,000,$85,600
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