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: Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $ 51,000 133,500 153, 300 110,100 Ending Inventory $ 61,000 56,000 105,500 26,250 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 $ 70,000 24,000 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 20,100 80,400 157,300 Factory Overhead (Actual costs) Indirect materials used Indirect labor used other overhead costs $36,000 56,800 56,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (120% of direct labor used) Sales $616,000 Journal entry worksheet 1 2 3 4 6 7 8 ... a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date Account Title Debit May 31 Journal entry worksheet 1 2 3 4 5 6 7 8 b. Record direct materials used in production. Note: Enter debits before credits. Date Account Title Debit May 31 Journal entry worksheet 1 2 3 4 5 6 7 8 c. Record the usage of indirect materials. Note: Enter debits before credits. Date Account Title Debit May 31 Journal entry worksheet k. Record the cost of goods sold, as calculated on the cost of goods sold tab. Note: Enter debits before credits. Date Account Title Debit Credit May 31 Journal entry worksheet General General Cost of Raw Requirement Trial Balance Journal Ledger Materials Goods Mfg Cutting Calculate the value of gross profit for the month of May. Cost of Goods Mfg Stitching Cost of Goods Sold Gross Profit Dates: Apr 30 to: Apr 30 Gross Profit $