Please fill out the empty boxes.

Required Information Problem 03-1A Production cost flow and measurement; Journal entries LO P1, P2, P3, P4 [The following information applies to the questions displayed below) Sterra 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 Inventortes: Beginning Ending Inventory Inventory Work in process inventory-cutting 73,5ee 75,500 Work in process inventory-stitching 93,300 69,800 Finished goods inventory 26,100 14,250 The following additional Information describes the company's production activities for May Direct materials Raw materials purchased on credit Direct materials used-cuttine Direct materials used-stitching $ 40,000 22,500 0 Direct Tabor Direct labor-cutting Direct labor-stitching Total factory payroll paid (in cash) $ 17,100 68,400 141,200 Factory Overhead (actual costs) Indirect materials used Indirect labor used other overhead costs $ 14,400 55,600 se, eee Factory overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $376,000 Problem 03.1A Part 1 Required: 1. Compute the amount of (a) production costs transferred from Cutting to Suitching. (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold Required: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching. (b) production costs transferred from Sutching to finished goods, and (c) cost of goods sold, WIP - April 30 Direct materials - Cutting Direct labor. Cutting Overhead - Cutting WIP - May 31 Work in Process (WIP) Cutting 73,500 C of GM. Cutting 22,500 17.100 33,750 146.850 Work Process (WIP) - Stitching 93,300 C of GM. Stitching WIP - April 30 C of GM Cutting Direct labor-Stitching Overhead Stitching WIP. May 31 63.400 82080 243.700 FO. Aan 30 COGM Stitching Finished Goods (FG) 26.100 Cost of goods sold FG - May 31 26.100