Sle1Ta pany man s in two sequential processes: g and St All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories- Raw materials inventory Work in process inventoryCutting Work in process inventoryStitching F inished goods inventory Beginning Inventory s 6,000 43,500 63,300 20,100 Ending Inventory s 9250 51,500 60,500 8250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials usedCutting Direct materials usedStitching Direct labor Direct laborCutting Direct laborStitching Total factory payroll paid (in cash) Factory Overhead (Actual costs) s 25,000 21,750 0 s 15,600 62,400 133,000 Indirect materials used Indirect labor used Other overhead costs Factory Overhead Rates Cutting Stitching Sales s 6,000 55,000 472000 (150% of direct materials used) (120% of direct labor used) $256,000