I cut the unnecessary fabric and ironed flat. Wool reacts nice and when you iron the seam well, it's almost invisible:-) It copies nicely the shape of the body - wool is said not to have to be ironed, it's enough to hang it and it will draw up straight.
I hemmed the lower part of the cloak, using gathering as at the monk robes. As far as the neckline, I didn't gather anything. I just worked with my fingers so that the seam would be nice and flat.
You may notice I didn't serge anything. I didn't have enough time and wool shouldn't be machine-washed either, so I left it out.
I got this. Fastened with a safety pin for now. It's so warm and cosy I almost envy :-)
No, I really envy! :-P