Help Save & Exit Submit Sierra Company manufactures woven costing. Data below are for one of its processing departments. The following information is available regarding its May inventories blankets and accounts for product costs using process Beginning Ending Inventory Invent Raw materials inventory Work in process inventory Finished goods inventory $ 66,800 $ 71,0ee 440,500 575,800 618,000 524,800 The following additional information describes the company's production activities for May Raw materials purchases (on credit) Factory wages cost (paid in cash) Other overhead cost (Other Accounts credited) Materials used $ 260,009 1,564,8ee 44,500 Direct Indirect 165,000 90,080 Labor used Direct Indirect s 798,000 774,000 Overhead rate as a percent of direct labor Sales (on credit) 115% $2,500,000 2 Prepare summary journal entries dated May 31 to record the following production activities during May (a) raw p) direct materials usage, (c) indirect materials usage, (d) direct labor costs incurred, (e) indirect labor costs incurred, (1) payment of factory payroll, (9) other overhead costs, (h) overhead applied, (0 goods transferred from production to finished goods, and (0 sale of finished goods. 43 View transaction list Journal entry worksheet 12 3 4 5 6 7 8 Record purchase of raw materials. 11 Note: Enter debits before credits. General Journal