7 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. 2 of 2 Raw materials Inventory Ending Inventory Beginning Inventory $76,000 $ 91,750 183,500 130,500 203,300 103,900 48,100) 36,250 ences Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory. The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching Direct labor Direct labor-Cutting Direct labor-Stitching Factory Overhead (Actual costs) Indirect materials used Indirect labor used other overhead costs Fectory Overhead Rates Cutting Stitching Sales $ 22,600 90,400 $ 95,000 25,250 $ 54,000 57,000 61,000 150% of direct materials used 120% of direct labor used $810,000 Check my Required information Journal entry worksheet 2 3 4 5 6 7 8 11 Record purchase of raw materials. Note: Enter debits before credits, Date May 31 General Journal Debit Credit Record entry Clear entry View general journal 9 < Prev 7 of 7 Next or 2 nces Journal entry worksheet 4 5 6 7 8 11 Record direct materials used in production. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal Required information Journal entry worksheet 2 5 6 7 11 Record indirect materials used in production. Note: Enter debits before credits... Date May 311 General Journal Debit Credit Record entry Clear entry View general journal Required information Journal entry worksheet < 1 2 3 4 5 6 7 8 11 Record direct labor cost incurred, but not yet paid. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal Required information. Journal entry worksheet 12 of 2 < 1 2. 3 5 6 7 8. 11 Record indirect labor cost incurred, but not yet paid. Book erences Note: Enter debits before credits.. Date: May 31, General Journal Debit Credit Record entry Clear entry View general journal Required information Journal entry worksheet 4 5 Record payment of other overhead. Note: Enter debits before credits. Date May 31 6 7 8..... 11 General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 7 Next Required information Journal entry worksheet < 1 2 3 4 5 6 7 8 11 Record overhead applied at 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal 2 of 2 Required information Journal entry worksheet 1 2 3 5 8 11 Record transfer of goods from the Cutting department to the Stitching department. Book erences Note: Enter debits before credits. Date May 31 General Journal- Debit Credit Record entry Clear entry View general journal of 2 ces Required inform Journal entry worksheet 4 5 6 8 9 11 Record the transfer of completed products from production to finished goods inventory. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal ces Required information Journal entry worksheet 6 8 9 10 11 Record the sale of finished goods on account. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Record entry Clear entry View general journal 7 art 2 of 2 ints Required information Journal entry worksheet Record cost of goods sold for May. 6 7 8 9 10 eBook Note: Enter debits before credits. eferences Date General Journal Debit Credit May 31 Record entry Clear entry View general journal