3-1A

Sanders 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: Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $141,000 313,500 333,300 290,100 Ending Inventory $171,700 65.000 195,500 62,250 The following additional information describes the company's production activities for May. Direct materials Raw materiale purchased on credit Direct materials used-cutting Direct materials used-stitching $160,000 28,500 Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $ 29,100 116.400 205,900 Factory Overhead (hetual costa) Indirect materials used Indirect labor used Other overhead costs $100,800 60,400 74,000 Factory Overhead Rates Cutting (1501 of direct materials used) stitching (1200 of direct labor used) Sales $1,396,000 General General Journal Trial Balance Requirement Cost of Goods Mfg Cutting cost of Cost of Cost of it Goods Mfgende Sald Gross Profit stitching Ledger Materials Prepare journal entries for the month of May's transactions. Indirect labor used Other overhead costs 60,400 74,000 oped Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1208 of direct labor used) Sales $1,396,000 Answer is not complete. General General Journal Requirement Trial Balance Cost of Cost Cost of Goods Mfg Goods Mfg Ger Cutting Stitching Raw Materials Gross Profit Ledger Goods Sold Cutting Stitching Prepare journal entries for the month of May's transactions. Debit No Account Title Credit Date of 1 Next Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1208 of direct labor used) Sales $1,396,000 Answer is not complete. General Raw Trial Balance Cost of Cost of General Cost of Requirement Goods Mtg Goods My Goods Sold Gross Profit Journal Ledger Materials Cutting Stitching Verify the ending balance in raw materials inventory. Enter the amount of materials used as negative values. Beginning Raw Materials Inventory Materials available for use Ending raw material inventory Trial Balance Cost of Goods Mfg Cutting > a Search or type URL Check my work mode : This shows what is correct or incorrect for the work you have Factory Overhead (Retual costs) Indirect materials used Indirect labor used Other overhead costs $100,800 60,400 74,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1208 of direct labor used) Sales $1,396,000 & Answer is not complete. General Trial Balance Materials Cost of Cost of Raw Cost of Gross Profit General Goods Mfg Goods Mig Goods Sold Requirement Journal Ledger Cutting Stitching Prepare a schedule of cost of goods manufactured for Sanders Company for the month of May. Dates: Apr 30 to: Apr 30 Total manufacturing costs added during May Total cost of work in process Cost of Goods Sold > Prev 1 of 1 !!! N Q Search or type URL macOS PULU U ULEUL 28,500 Direct materials used-Cutting Direct materials used-stitching Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 29,100 116,400 205,900 Factory Overhead (actual costs) Indirect materials used Indirect labor used Other Overhead costs $100,800 60,400 74.000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (120% of direct labor used) Sales $1,396,000 Answer is not complete. General Trial Balance Raw Materials Cost of Goods Mfg Stitching Cost of Goods Sold Gross Profit Cost of General Requirement Goods Mfg Journal Ledger Cutting Calculate the value of gross profit for the month of May. Dates: Apr 30 to: Apr 30 Gross Profit of 1 Next Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1208 of direct labor used) Sales $1,396,000 Answer is not complete. General Raw Trial Balance Cost of Cost of General Cost of Requirement Goods Mtg Goods My Goods Sold Gross Profit Journal Ledger Materials Cutting Stitching Verify the ending balance in raw materials inventory. Enter the amount of materials used as negative values. Beginning Raw Materials Inventory Materials available for use Ending raw material inventory Trial Balance Cost of Goods Mfg Cutting > a Search or type URL Check my work mode : This shows what is correct or incorrect for the work you have Factory Overhead (Retual costs) Indirect materials used Indirect labor used Other overhead costs $100,800 60,400 74,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1208 of direct labor used) Sales $1,396,000 & Answer is not complete. General Trial Balance Materials Cost of Cost of Raw Cost of Gross Profit General Goods Mfg Goods Mig Goods Sold Requirement Journal Ledger Cutting Stitching Prepare a schedule of cost of goods manufactured for Sanders Company for the month of May. Dates: Apr 30 to: Apr 30 Total manufacturing costs added during May Total cost of work in process Cost of Goods Sold > Prev 1 of 1 !!! N Q Search or type URL macOS PULU U ULEUL 28,500 Direct materials used-Cutting Direct materials used-stitching Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 29,100 116,400 205,900 Factory Overhead (actual costs) Indirect materials used Indirect labor used Other Overhead costs $100,800 60,400 74.000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (120% of direct labor used) Sales $1,396,000 Answer is not complete. General Trial Balance Raw Materials Cost of Goods Mfg Stitching Cost of Goods Sold Gross Profit Cost of General Requirement Goods Mfg Journal Ledger Cutting Calculate the value of gross profit for the month of May. Dates: Apr 30 to: Apr 30 Gross Profit