GL$0301-$ Based on Problem $3-5$A $($Algo$)$ LO P$3,$ P$4$

Panzarella 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:

$\backslash$table$[[,$Beginning Inventory,Ending Inventory$],[$Raw materials inventory,$146,{000}^{\text{\$}5},177,850],[$Work in process inventoryCutting,$323,500,65,500],[$Work in process inventoryStitching,$343,300,200,500],[$Finished goods inventory,$300,100,64,250]]$

The following additional information describes the company's production activities for May.

$\backslash$table$[[$Direct materials,$],[$Raw materials purchased on$,$$