Problem $16-5$A $($Algo$)$ Production cost flow and measurement; journal entries LO P$3,\text{'}$P$4$

$[$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.

$\backslash$table$[[,$Beginning,Ending$],[,$Inventory,Inventory$],[$Raw materials inventory,$$71,000,$$$85,600$

Compute the amount of a$.$ production cost transferred from cutting to stitching B$.$ production cost transferred from stitching to finish

goods and c$.$ cost of good sold

Prepare May $31$ journal entries to record the following May activities:

A$.$ raw materials purchases b$.$ direct materials used C indirect materials uses d$.$ direct labor used E indirect labor used F other overhead cost paid in cash G overhead applied H good transferred from cutting to stitching I transferred from stitching to finish goods J sales on account K Cost of goods sold