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Required Information [ The following information applies to the questions displayed below. ] Slerra Company manufactures soccer balls in two sequentlal processes: Cutting and Stitching.
Required Information
The following information applies to the questions displayed below.
Slerra Company manufactures soccer balls in two sequentlal processes: Cutting and Stitching. All
direct materlals enter production at the beginning of the cutting process. The following
Information Is avallable regarding its May Inventorles:
The following additional Information describes the company's production activitles for May.
Prepare May journal entrles to record the following May activities:
a Raw materlals purchases
b Direct materlals used
c Indirect materlals used
d Direct labor used
e Indirect labor used
f Other overhead costs pald in cash
g Overhead applied
h Goods transferred from Cutting to Stitching
I. Goods transferred from Stitching to finlshed goods
J Sales on account
k Cost of goods sold
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