5 O 20 points Required information The following information applies to the questions displayed below.) 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 Finding Inventory Inventory Work in procean inventory-Cutting 43,500 51,500 Work in process inventory Stitching Pinished goode Inventory 20,100 8,250 ook 63,300 60,500 Print References The following additional information describes the company's production activities for May. Direct materials itaw materiais purchased on credit $ 25,000 Direct materials used-Cutting 21,750 Direct materials used-stitching 0 Direct labor Direct lobor-cutting Direct labor-stitching Total factory payroll paid in cash) $ 15,600 62,400 133,000 Yactory Overhead totul coats Indirect materials used Tod treat Labor wed Other overhead conta 5226,000 55,000 47,000 Factory overhead at Cutti (1508 of direct material D) Sitening 1201 o direct laborand) Sales 5256,000 M winnes in 5 ht Required information 5 May 31 55,000 20 points Factory overhead Factory wages payable 55.000 6 May 31 133,000 Factory wagen payable Cash 133,000 eBook May 31 47.000 Factory overhead Other accounts Print 47.000 8 May 31 References Work in process inventory Cutting Work in process inventory Stiching Factory overhead 32.025 74,880 107,505 9 May 31 Work in process inventory Stiching Work in proceso inventory Cutting 10 May 31 Finished goods Inventory Work in process inventory Stiching 11 May 31 Cost of goods sold Finished goods inventory 12 May 31 Accounts receivable Sales Required information View transaction list Journal entry worksheet 1 7 8 9 10 11 12 Record the transferred costs of partially completed goods. Note: Enter debits before credits Date General Journal Dobit Credit May 31 Work in process inventory Stitching Work in process inventory Cutting Record entry Clear entry View general journal