Prepare a schedule of cost of goods manufactured for the stitching Department for the month of May. Calculate the value of gross profit for the month of May. Verify the ending balance in raw materials inventory. Materials used should be indicated with a minus sign. Sales 5.456.006 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. Prepare journal entries for the month of May's transactions. Journal entry worksheet Note: Enter debits before credits. GL0301 - Based on Problem 3.5A (Algo) LO P3, P4 Carlberg 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 Esales 5.456.000 Cost of Goods Mfo cost of Stitching Dregare journal entries for the month of May's transactions. Prepare a schedule of cost of goods manufactured for the cutting Department for the month of May