Jones Company manutactures soccer balls in two sequental processes: Luttng and Sttchng. All drect materals enter producton at the beginning of the Cutting process. The following information is available regarding its May inventories: The following additional information describes the company's production activities for May. Answer is not complete. Verify the ending balance in raw materials inventory. Materials used should be indicated with a minus sign. Prepare journal entries for the month of May's transactions