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Amidon 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: Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $ 41,000 113,500 133,300 90,100 Ending Inventory $48,700 55,000 95,500 22,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 60.000 23,500 Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $19,100 76.400 151.900 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 28,800 56.400 54,000 Factory Overhead Rates Cutting (150of direct materials used) stitching (120 of direct labor used) Sales 5536.000 General Requirement Cost of General cost of Trial Balance Goods Mg Goods Mfg cost of Grosso Journal Ledger Materials Cutting Stitching Goods Sold Gross Profit General Journal tab - Prepare journal entries to record the transactions of Amidon Company during the month of May. Cost of Materials Used 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 Amidon Company for the month of May. Cost of Goods Sold tab - Prepare a schedule of cost of goods sold for Amidon Company for the month of May Gross Profit tab - Calculate the cross orofit on sales for May Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 19,100 76,400 151,900 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 28,800 56,400 54,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $536,000 Cost of Requirement General Journal General Ledger Raw Trial Balance Materials Cost of Goods Mfg Goods Mfg Cost of Gross Profit Cutting Stitching Goods Sold Gross Profit 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. Dates: Apr 30 S to: Apr 30 Calculate cost of goods sold: Cost of goods available for sale Cost of goods sold Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 19,100 76,400 151,900 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 28,800 56,400 54,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $536,000 Requirement General General Cost of Raw Cost of Journal Trial Balance Ledger Materials Goods Mfg Goods Mfa Cost of Cutting Stitching Calculate the value of gross profit for the month of May. Goods Sold Gross Profit Dates: Apr 30 - to: Apr 30 Gross Profit Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 28,800 56,400 54,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $536,000 Cost of Cost of Trial Balance Materials Cost of General General Raw Goods Mfg Goods Mfg Requirement Gross Profit Journal Goods Sold Ledger Cutting stitching Prepare a schedule of cost of goods manufactured for Amidon Company for the month of May. Dates: Apr 30 - to: Apr 30 Total manufacturing costs added during May Total cost of work in process