Offset lithography would have been what was used, just like nearly every other set of that era. (And I say nearly, because if I say all, someone will point out a set that wasn't done that way. )
The lack of quality in the cutting has puzzled me too, even with equipment older than the 1930's, you almost have to deliberately mess up the cutting to do that poorly.
I think it's possible the printing was done by a printing company, but the cutting was done by Goudey themselves. The printing isn't bad at all, think how few you see that are out of register. I can't recall seeing any at all.
Cuts like what we see on the 41s do happen regularly when one of the scissor/office type paper cutters is used. Which could have been done at Goudey, but would have been really unlikely in a real print shop.
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