Hi, I'm asking this question again. Smith Company manfactures soccer balls in two sequential proccesses: Cutting and Sitiching.

There's 11 journal entries.

GL0301. Based on Problem 3-5A (Algo) LO P3, P4 Smith Company manufactures soccer bals in two sequental processer. Cutting and Sutching. All ditect moterials enter production at the beginning of the Cutting process. The following information is avallable regarding its May inventories The followng additional inlormation describes the companys production actovies for Moy Answer is not complete. General Journal tab - Joumalize the transactions'related to Smith Company's manufacturing of soccer balls. The General Ledger and Trial Balance will be updated based on your entries. Prepare journal entries to record the transactions of Smith Company during the month of May. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account; or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Raw Materials tab - Calculate the total cost of direct materiais used in production during May. Cost of Goods Manufactured Cutting and Stitching tab - Prepare a schedule of cost of goods manufactured for Smith Company for the month of May. Cost of Goods Sold tab - Prepare a schedule of cost of goods sold for Smith Company for the month of May. Gross Profit tab-Calculate the gross profit on sales for May. Journal entry worksheet 3 4 5 Record the purchase of materials (on credit). Note: Enter debits before credits. Verify the ending balance in raw materials inventory. Materials used should be indicated with a minus sign. Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of May. Calculate the value of cost of goods sold for the month of May. Ignore any over-or underapplied Nerhead in the calculation of cost of goods sold. Calculate the value of gross profit for the month of May