Pelcher 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: The following additional information describes the company's production activities for May. Sales Answer is not complete. \begin{tabular}{|c|c|c|c|} \hline CostofGoodsMfgCutting & CostofGoodsMfgStitching & CostofGoodsSold & Gross Profit \\ \hline \end{tabular} Prepare journal entries for the month of May's transactions. \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|} \hline Requirement & GeneralJournal & GeneralLedger & Trial Balance & RawMaterials & CostofGoodsMfgCutting & CostofGoodsMfgStitching & CostofGoodsSold & Gross Profit \\ \hline \end{tabular} Prepare journal entries for the month of May's transactions. Pelcher 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: 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. Answer is not complete. Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Answer is not complete. Prepare a schedule of cost of goods manufactured for the Stitching Department for the month of May. Answer is not complete. Calculate the value of cost of goods sold for the month of May. Ignore any over- or underapplied overhead in the calculation of cost of goods sold. Answer is not complete. Calculate the value of gross profit for the month of May