of 2 Required information [The following information applies to the questions displayed below) Sierra 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 11044 300 Beginning Ending Inventory Inventory Raw materials Inventory $ 76,000 $1,750 Work in process inventory--Cutting 103,500 130,500 Work in process Inventory stitching 203,700 103,900 Finished goods Inventory 41,100 36,250 The following additional Information describes the company's production activities for May. Direct materia Raw materials purchased on credit $95.000 Direct materials used-cutting 25.250 Direct materials usedustitching Direct labore Direct labor cutting $ 22.600 Direct labor-stitching Factory Ducha actual costs) Indirect seterine 5 54.000 Indirect Tabor used 57.000 other werhed costs 61.00 Print Factory Orhadates cut stitching 150 of direct waterials used 120% of direct labore 16, 2. Prepare May 3 journal entries to record the following May activities Raw materials purchases b. Det mes used Me Prev 11 Next Required information 2. Prepare May 31 journal entries to record the following May activities a. Raw materials purchases b. Direct materials used c. Indirect materials used d. Direct labor used e. Indirect labor used f. Other overhead costs paid in cash 9. Overhead applied h. Goods transferred from Cutting to Stitching 1. Goods transferred from Stitching to finished goods J. Sales (on account) k. Cost of goods sold View transaction list View journal entry worksheet No General Journal Credit Date May 31 Debit 500,000 1 Raw materials Inventory Accounts payable 500,000 2 May 31 Work in process inventory Cutting Work in process inventory Stitching Raw materials inventory 25.250 0 25,250 3 May 31 54,000 Factory overhead Raw materials Inventory 54 000 4 May 31 Work in process inventory-Cutting Work in process inventory Stitching Factory wages payable 22.600 90.400 113,000 57 800 5 May 31 Factory overhead