needs to have a journal entry
11 Part 2 of 2 Raw materials Inventory Inventory Tretory 5.75,000 $191,79 Work in process inventory-cutting 183,500 130.50 Work in process inventory Stitching 203.00 103.00 Finished goods inventory 43,10 30.25 The following additional information describes the company's production activities for May Direct materials Raw materials purchased on credit $ 95,000 Direct materials used-cutting 25,250 Direct materials used-stitching Direct labor Direct labor-cutting $ 22.6 Direct labor-stitching 90,00 points 8 08:18:08 eBook Factory Overhead Cactual costs) Indirect saterials used Indirect labor used other overhead costs $ 56,000 57,00 61,000 Print Factory Overhead Rates Cutting Stitching Sales References 150% of direct materials used 1 of direct laborused 5:316.000 2. Prepare May 31 journal entries to record the following May activities o. Raw materials purchases b. Direct materials used c. Indirect materials used d. Direct laborused e. Indirect lobor used t. Otheroverhead costs bald in cash 9. Overhead applied h. Goods transferred from Cutting to Sitching 1. Goods transferred from Stitching to Ninished goods J. Sales (on account k. Cost of goods sold 11 Part 2 of 2 MICHU Required information UUSEU f. Other overhead costs paid in cash 9. Overhead applied h. Goods transferred from Cutting to Stitching 1. Goods transferred from Sutching to finished goods J. Sales (on account k. Cost of goods sold points 025155 View transaction list Journal entry worksheet eBook Prim Record purchase of raw materials Deferences Note Enter debit before credits Date May 31 General Journal Det Credit Record entry Clear entry View general Journal Part2012 Required information The following information applies to the questions displayed below! Sierra Company manufactures soccer balls in two sequential processes Cutting and Sitching A direct materials enter production at the beginning of the cutting process. The following information is available regarding its May inventories DO Ending Las entry 574,000 191.50 In procesory-cutti 103,500 110.50 in procesory stitching 203,500 40. 36.250 The following additional information describes the company's production activities for May 30,00 15.25 Bateraison Direct material cutting Direct stressed De Det bort 12.00 orect sich 10, Factory Out Indretterats rect labore Octs 57.100 61.00 CUTTING SON of direct estern 1200rect 2. Prepare Mayjournal entries to record the flown May activities Required information Maw materiais patchases b. Oirect materials used Indirect materials used d. Direct labor used Indirect laborused Other overhead costs paid in cash 9. Overhead applied h Goods transferred from Cutting to Stitching Goods transferred from Sitching to finished goods Sales on account k Cost of goods sold Verw ransactions Journal entry worksheet 1 4 5 6 7 11 Record purchase of raw materia General Joomla Debli May Credit
