17 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: Beginning Ending Pa\" 2 0f 2 IDVED'EDL'Y Inventoryr lWork in process inventoryCutting 243.. 501] 160 , SDI]- Work in process inventoryStitching 263,300 122,500 Finished goods inventory 60,100 43,250 11 points The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $125,!IIDD Direct materials usedCutting 26,750 Direct materials used\\Stitching 0 Direct labor Direct laborCutting $ 25 , 600 Direct laborStitching 102 , 4 00 Total factory payroll paid (in cash} 13'! , I] BE! rectory Overhead [Actual costs] Indirect materials used 5 T5,EDD Indirect labor used 59,600 Other overhead costs 6T,UDD Return to question cutting ( 1bus of direct materials used) Stitching (1208 of direct labor used) Sales $1, 056,000 2. Prepare summary journal entries dated May 31 to record the following production activities during May: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor costs incurred, (e) indirect labor costs incurred, (f) payment of factory payroll, (g) other overhead costs, (credit Other Accounts), (h) overhead applied, (i) goods transferred from Cutting to Stitching, (j) goods transferred from Stitching to finished goods, (k) cost of goods sold, and (1) sales. X Answer is not complete. No Date General Journal Debit Credit 1 May 31 Raw materials inventory 125,000 Accounts payable 125,000 2 May 31 Work in process inventory-Cutting Factory wages payable X