Byrnes 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 Inventory Ending Inventory

Raw materials inventory $ $51,000$ $ $61,000$

Work in process inventory$$Cutting $133,50056,000$

Work in process inventory$$Stitching $153,300105,500$

Finished goods inventory $110,10026,250$

The following additional information describes the company's production activities for May.

Direct materials

Raw materials purchased on credit $ $70,000$

Direct materials used$$Cutting $24,000$

Direct materials used$$Stitching $0$

Direct labor

Direct labor$$Cutting $ $20,100$

Direct labor$$Stitching $80,400$

Factory Overhead $($Actual costs$)$

Indirect materials used $ $36,000$

Indirect labor used $56,800$

Other overhead costs $56,000$

Factory Overhead Rates

Cutting $(150\%$ of direct materials used$)$

Stitching $(120\%$ of direct labor used$)$

Sales $ $616,000$General Journal tab $-$ Journalize the transactions related to Byrnes Company's manufacturing of soccer balls. The General

Ledger and Trial Balance will be updated based on your entries. Prepare journal entries to record the transactions of Byrnes

Company during the month of May.

General Ledger tab $-$ One of the advantages of general ledger software is that posting is done automatically. To see the

detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the

General Ledger tab.

Trial Balance tab $-$ General ledger software also automates the preparation of trial balances. A trial balance lists each

account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total

credits.

Raw Materials tab $-$ Calculate the total cost of direct materials used in production during May.

Cost of Goods Manufactured Cutting and Stitching tab $-$ Prepare a schedule of cost of goods manufactured for Byrnes

Company for the month of May.

Cost of Goods Sold tab $-$ Prepare a schedule of cost of goods sold for Byrnes Company for the month of May.

Gross Profit tab $-$ Calculate the gross profit on sales for May.