Check Cecconi 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 $ 61,000 153,500 173,300 130,100 Ending Inventory $ 73,300 57,000 115,500 30,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direet materials used-cutting Direct materials used-Stitching $80,000 24,500 Direct labor Direct labor-Cutting Direct labor-stitehing Total factory payroll paid in canh $ 21,100 84,400 162,700 l'actory Overhead (Actual coats Help Direct labor-Stitching Total factory payroll paid (in cash) 84,400 162,700 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 43,200 57,200 58,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1201 of direct labor used) Sales $696,000 Requirement General Journal General Ledger Trial Balance Raw Materials Cost of Goods Mfg Cutting Cost of Goods Mfg Stitching Cost of Goods Sold Gross Profit Prepare journal entries for the month of May's transactions. View transaction ist Tournal entry arorlehent