following additional information describes the company's production activities for May. Journal entry worksheet 4 5 Record direct materials used in production. Note: Enter debits before credits. Record the usage of indirect materials. Note: Enter debits before credits. \begin{tabular}{|c|l|c|c|} \hline Date & \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline May 31 & Work in process inventory-Cutting & 21,600 & \\ \hline & Work in process inventory-Stitching & 86,400 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry View general journal Record the cost of direct labor incurred but not yet paid. (Use "Factory wages payable" account). Note: Enter debits before credits. Record the cost of indirect labor incurred but not yet paid. (Use "Factory wages payable" account). Note: Enter debits before credits. Journal entry worksheet Record the application of overhead at a rate of 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Journal entry worksheet 1 2 (3) 4 56 Record the transferred costs of partially completed goods. Note: Enter debits before credits. Record the transfer of production to finished goods, as calculated on the Cost of Goods Manufactured tab. Note: Enter debits before credits. Record the sale of goods on account. Note: Enter debits before credits. Record the cost of goods sold, as calculated on the cost of goods sold tab. Note: Enter debits before credits: Verify the ending balance in raw materials inventory. Materials used should be indic Prepare a schedule of cost of goods manufactured for the Cutting Department for the mont Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of N Calculate the value of cost of goods sold for the month of May. Ignore any over-or underapplied overh calculation of cost of goods sold. Calculate the value of gross profit for the month of May