Work in process inventory-cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 103,500 90,500 123,300 79,100 32,100 20,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 55,000 23, 250 0 Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid in cash) $ 18,600 74.400 149,200 Tactory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 25,200 56,200 53,000 Factory Overhead Rates Cutting (1508 of direct materials used) stitching (1208 of direct labor used) Sales 5496,000 Required: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching. (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold