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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 materlais enter production at the beginning of the cutting process. The following information is avallable regarding its May inventories. The following additional information describes the company's production activities for May. 2. Prepare May 31 journal entries to record the following May activities: a. Raw materials purchases b. Direct moterials used c. Indirect materials used d. Direct labor used e. Indirect labor used f. Other overhead costs pald in cash g. Overhead applled h. Goods transferred from Cutting to Stitching 1. Goods transferred from Stitching to finished goods 1. Sales (on account) k. Cost of goods sold