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Algo) LO P3, P4 bok Carlberg 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: Beginning Ending Inventory Inventory Raw materials inventory $ 31,000 $ 36,400 Work in process inventory-cutting 93,500 54,000 Work in procesa inventory-Stitching 113,300 65,500 Pinished goods inventory 70.100 18,250 The following additional information describes the company's production activities for May, onces Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $ 50,000 23,000 Direct labor Direct labor-cutting Direct labor-stitching $ 18,100 72.400 Factory Overhead (Actual conta) Indirect materials used Indirect labor used Other overhead conta $ 21,600 56,000 52,000 Factory Overhead Rates Cutting Stitching (1508 of direct materials used) (1209 of direct labor used) $ 456,000 Sales View transaction list ok ances Journal entry worksheet 2 3 5 6 7 8. 11 > Record the purchase of materials (on credit). Note: Enter debits before credits Date Debit Account Title Credit May 31 View general journal Clear entry Record entry 7! Next > Requirement General Journal General Ledger Tral Balance Materials Prepare journal entries for the month of May's transactions. Cost of Custof Good Goods C Setting Goods View transaction at BOK ances Journal entry worksheet ND 6 7 8 11 3 3 4 5 Record direct materials used in production. Note: Enter debits before credits Debat Credit Date Account Title May 31 Materih Prepare journal entries for the month of May's transactions dance points Coute Go to See View transactions -0% References Journal entry worksheet 1 2 3 4 5 6 7 *** 11 > Record the usage of Indirect materials. Note: Enter debits before credits Account Title Debit Credit Date May 31 Clear entry Record entry 131 Nad > Requirement General Journal Cost of General Ledger Trial Balance Raw Materials Goods Mfg Cutting Goods Me Goods Sold Stitching Prepare journal entries for the month of May's transactions. View transaction et Journal entry worksheet 5 7 11 6 B..... 1 3 2 Record the cost of direct labor incurred but not yet paid. (Use "Factory wages payable" account). Note: Enter debits before credits Debit Credit Account Title Date May 31 waliomal 5 Requirement General General Trial Balance Journal Ledger Materials Prepare journal entries for the month of May's transactions Cost of Costo Cost Goods Mode Cutting Saching View transaction fist ances Journal entry worksheet 3 6 7 11 4 8 *** > Record the cost of indirect labor incurred but not yet paid. (Use "Factory wages payable" account) Note: Enter debits before credits Debit Credit Account Title Date May 31 6 General Journal General Ledger Trial Balance Raw Materials Requirement Cost of Cost of Cost of Goods Mlg Goods Me Goods Sold Gross Pro Cutting Stitching 5 Prepare journal entries for the month of May's transactions oints View transaction list eBook References Journal entry worksheet 7 8 .... 11 5 4 1 3 Trial Balance 3.456.000 Raw 15 points General General Cost of Cost of Cost of Requirement Journal Gross Prof Trial Balance Ledger Goods Mfg Goods Mfg Materials Goods Sold Cutting Stitching Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Dates: Apr 30 to: Apr 30 look References Total manufacturing costs added during May Total cost of work in process Cost of Goods Mfg Stitching > Raw Materials 6 Sales 456.000 15 points General Requirement General Cost of Raw Cost of Trial Balance Cost of Journal Ledger Materials Goods Mfg Goods Mig Goods Sold Gross Draft Cutting Stitching Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of May. Book Dates: Apr 30 to: Apr 30 Returences $ Transferred-in from Cutting Direct laborused Factory overhead applied 115,100 72,400 86,880 $ 274,380 Total manufacturing costs added during May Add: Beginning work in process inventory Total cost of work in process Less: Beginning work in process inventory Cost of Goods Sold >