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Required information Problem 20.5A (Algo) Production cost flow and measurement; journal entries LO P3, P4 The following information applies to the questions disployed below) Slerra Company manufactures soccer balls in two sequential processes: Cutting and Sitiching. All direct materia is enter production at the beginning of the cutting process. The following information is avallable regarding its May inventories The following additional information describes the compeny's production octivities for May Problem 20-5A (Algo) Part 2 2. Prepare May 31 journal entries to record the following May activities a. Raw materials purchases b. Direct materials used c. Indirect materials used d. Direct labor used e. Indirect labor used f. Other overhead costs paid in cash 9. Overhead applied h. Goods transferred from Cutting to Stutching 1. Goods transferred from Stitching to finished goods j. Sales (on account) k. Cost of goods sold Required information \begin{tabular}{|c|c|c|c|c|c|} \hline & & naw Haderials tiventiuly & v & & 14,4000 \\ \hline \multirow{5}{*}{4} & & & & & \\ \hline & May 31 & Work in process inventory -Cutting & & 17,1000 & \\ \hline & & Work in process inventory - Stitching & 0 & 68,4000 & \\ \hline & & Factory wages payable & & & 85,500 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{5} & May 31. & Factory overhead & 0 & 55,6000 & \\ \hline & & Factory wages payable & 0 & & 55,6000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{6} & May 31 & Factory overhead & 0 & 50,000 & \\ \hline & & Cash & 0 & +1 & 50,000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{7} & May 31 & Work in process inventory - Cutting & 0 & 3,375 & \\ \hline & & Work in process inventory - Stitching & 0 & & \\ \hline & & Factory overhead & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{8} & May 31 & Work in process inventory-Stitching & 0 & & \\ \hline & & Work in process inventory-Culting & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{9} & May 31 & Finished goods inventory & 0 & & \\ \hline & & Work in process inventory Stitching & 0 & & \\ \hline & & x2= & & & \\ \hline \multirow[t]{2}{*}{10} & May 31 & Accounts receivable & & & \\ \hline & & Sales & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{11} & May 31 & Cost of goods sold & & & \\ \hline & & Finished goods inventory & 0 & & \\ \hline \end{tabular} Required information Problem 20.5A (Algo) Production cost flow and measurement; journal entries LO P3, P4 The following information applies to the questions disployed below) Slerra Company manufactures soccer balls in two sequential processes: Cutting and Sitiching. All direct materia is enter production at the beginning of the cutting process. The following information is avallable regarding its May inventories The following additional information describes the compeny's production octivities for May Problem 20-5A (Algo) Part 2 2. Prepare May 31 journal entries to record the following May activities a. Raw materials purchases b. Direct materials used c. Indirect materials used d. Direct labor used e. Indirect labor used f. Other overhead costs paid in cash 9. Overhead applied h. Goods transferred from Cutting to Stutching 1. Goods transferred from Stitching to finished goods j. Sales (on account) k. Cost of goods sold Required information \begin{tabular}{|c|c|c|c|c|c|} \hline & & naw Haderials tiventiuly & v & & 14,4000 \\ \hline \multirow{5}{*}{4} & & & & & \\ \hline & May 31 & Work in process inventory -Cutting & & 17,1000 & \\ \hline & & Work in process inventory - Stitching & 0 & 68,4000 & \\ \hline & & Factory wages payable & & & 85,500 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{5} & May 31. & Factory overhead & 0 & 55,6000 & \\ \hline & & Factory wages payable & 0 & & 55,6000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{6} & May 31 & Factory overhead & 0 & 50,000 & \\ \hline & & Cash & 0 & +1 & 50,000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{7} & May 31 & Work in process inventory - Cutting & 0 & 3,375 & \\ \hline & & Work in process inventory - Stitching & 0 & & \\ \hline & & Factory overhead & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{8} & May 31 & Work in process inventory-Stitching & 0 & & \\ \hline & & Work in process inventory-Culting & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{9} & May 31 & Finished goods inventory & 0 & & \\ \hline & & Work in process inventory Stitching & 0 & & \\ \hline & & x2= & & & \\ \hline \multirow[t]{2}{*}{10} & May 31 & Accounts receivable & & & \\ \hline & & Sales & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{11} & May 31 & Cost of goods sold & & & \\ \hline & & Finished goods inventory & 0 & & \\ \hline \end{tabular}