Miller Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materiais enter production at the beginning of the Cutting process. The following information is avallable regarding its May inventories: The following additional information describes the company's production activities for May. General Joumal tab - Journalize the transactions related to Milier Company's manufacturing of soccer balis. The General Ledger and Trial Balance will be updated based on your entries. Prepare Journal entries to record the transactions of Miller 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 detall 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 materials used in production during May. Cost of Goods Manufactured Cutting and Stitching tab. Prepare a schedule of cost of goods manufactured for Miller Company for the month of May. Cost of Goods Sold tab - Prepare a schedule of cost of goods sold for Miller Company for the month of May. Gross Profit tab - Calculate the gross proft on sales for May. Prepare Journal entries for the month of May's transactions. Journal entry worksheet Notei Enter debits before credita. Prepare journal entries for the month of May's transactions. Journal entry worksheet 567 Record direct materials used in production. Note: Enter debits before credits. Journal entry worksheet Nate: Enter debits before credits. Prepare journal entries for the month of May's transactions. Journal entry worksheet Record the cost of direct Iabor incurred but not yet paid. (Use "Factory wages parablet account). Wotes: finter debits before credits. Prepare journal entries for the month of May's transactionis. Journal entry worksheet 11 Record the cost of indirect labor incurred but not yet paid. (Use "Factory wages payable* account). Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet 1 2 34 5 6 11 Record the application of overhead at a rate of 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Prepare journal entries for the month of May's transactions. Journal entry worksheet Notent Enter debits before credics. Prepare journal entries for the month of May's transactions. Journal entry worksheet \begin{tabular}{lllllll} \hline & & 4 & 5 & 6 & 7 & 8 \end{tabular} 11 Record the transfer of production to finished goods, as calculated on the Cost of Goods Manufactured tab. Note: Enter debits before credits. Prepare journal entries for the month of May's transactions. Journal entry worksheet Prepare journal entries for the month of May's transactions. Journal entry worksheet Record the cost of goods sold, as calculated on the cost of goods sold tab. Note: Enter debits before credits. Oenzral Ledgrt Asecunt \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Deblt & Credit & Balance \\ \hline & Apr 29 & & & 330,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Necounts recelvabie } \\ \hline No. & Date & Deblt & Crodit & Balance \\ \hline & Apr 30 & & & 60,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Riew malerials invitiory } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & Apr 29 & & & 71,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Fralahed goods inventory } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & Apr 29 & & & 150,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Work in process Inventory-Cuting } \\ \hline No. & Date & Deblt & Crodit & Balance \\ \hline & & & & 173,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & & Factory Equlpment \\ \hline Ne. & Date & Doblt & Credit & Dalance \\ \hline & Apr 29 & & & 60,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Accumblatad depretation- Fectory equipment. } \\ \hline No. & Date & Debit & Credit & Batance \\ \hline & Apr 29 & & & 18,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Acoounts poyable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Aps 30 & & & 645.400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common stock, 55 par value } \\ \hline No. & Date & Debit & Credit & Ealance \\ \hline & Apr 20 & & & 56,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Paldin caplial in excess of par - Cominon } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Apr 30 & & & 50,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Retained earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Apr 30 & & & 286.500 \\ \hline \end{tabular} sat en hallior Company Thal 9 atinsi Aprit 30, 2018 Verify the ending balance in raw materiais inventory. Materials used should be indicated with a minus aign. 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 underapplled overhead in the calculation of cost of goods sold. Calculate the value of gross proft for the month of May. Miller Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materiais enter production at the beginning of the Cutting process. The following information is avallable regarding its May inventories: The following additional information describes the company's production activities for May. General Joumal tab - Journalize the transactions related to Milier Company's manufacturing of soccer balis. The General Ledger and Trial Balance will be updated based on your entries. Prepare Journal entries to record the transactions of Miller 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 detall 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 materials used in production during May. Cost of Goods Manufactured Cutting and Stitching tab. Prepare a schedule of cost of goods manufactured for Miller Company for the month of May. Cost of Goods Sold tab - Prepare a schedule of cost of goods sold for Miller Company for the month of May. Gross Profit tab - Calculate the gross proft on sales for May. Prepare Journal entries for the month of May's transactions. Journal entry worksheet Notei Enter debits before credita. Prepare journal entries for the month of May's transactions. Journal entry worksheet 567 Record direct materials used in production. Note: Enter debits before credits. Journal entry worksheet Nate: Enter debits before credits. Prepare journal entries for the month of May's transactions. Journal entry worksheet Record the cost of direct Iabor incurred but not yet paid. (Use "Factory wages parablet account). Wotes: finter debits before credits. Prepare journal entries for the month of May's transactionis. Journal entry worksheet 11 Record the cost of indirect labor incurred but not yet paid. (Use "Factory wages payable* account). Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet 1 2 34 5 6 11 Record the application of overhead at a rate of 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Prepare journal entries for the month of May's transactions. Journal entry worksheet Notent Enter debits before credics. Prepare journal entries for the month of May's transactions. Journal entry worksheet \begin{tabular}{lllllll} \hline & & 4 & 5 & 6 & 7 & 8 \end{tabular} 11 Record the transfer of production to finished goods, as calculated on the Cost of Goods Manufactured tab. Note: Enter debits before credits. Prepare journal entries for the month of May's transactions. Journal entry worksheet Prepare journal entries for the month of May's transactions. Journal entry worksheet Record the cost of goods sold, as calculated on the cost of goods sold tab. Note: Enter debits before credits. Oenzral Ledgrt Asecunt \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Deblt & Credit & Balance \\ \hline & Apr 29 & & & 330,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Necounts recelvabie } \\ \hline No. & Date & Deblt & Crodit & Balance \\ \hline & Apr 30 & & & 60,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Riew malerials invitiory } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & Apr 29 & & & 71,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Fralahed goods inventory } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & Apr 29 & & & 150,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Work in process Inventory-Cuting } \\ \hline No. & Date & Deblt & Crodit & Balance \\ \hline & & & & 173,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & & Factory Equlpment \\ \hline Ne. & Date & Doblt & Credit & Dalance \\ \hline & Apr 29 & & & 60,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Accumblatad depretation- Fectory equipment. } \\ \hline No. & Date & Debit & Credit & Batance \\ \hline & Apr 29 & & & 18,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Acoounts poyable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Aps 30 & & & 645.400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common stock, 55 par value } \\ \hline No. & Date & Debit & Credit & Ealance \\ \hline & Apr 20 & & & 56,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Paldin caplial in excess of par - Cominon } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Apr 30 & & & 50,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Retained earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Apr 30 & & & 286.500 \\ \hline \end{tabular} sat en hallior Company Thal 9 atinsi Aprit 30, 2018 Verify the ending balance in raw materiais inventory. Materials used should be indicated with a minus aign. 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 underapplled overhead in the calculation of cost of goods sold. Calculate the value of gross proft for the month of May