Required Information

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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.

$2.$Prepare May $31$ 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

$1$ May $31$ Raw materials inventory $25,000$

Accounts payable $25,000$

$2$ May $31$ Work in process inventory$$Cutting $21,750$

Raw materials inventory $21,750$

$3$ May $31$ Factory overhead $?$

Raw materials inventory $?$

$4$ May $31$ Work in process inventory$$Stitching $62,400$

Work in process inventory$$Cutting $?$

Factory wages payable $?$

$5$ May $31.$ Factory overhead $?$

Factory wages payable $?$

$6$ May $31$ Factory overhead $?$

Cash $?$

$7$ May $31$ Work in process inventory$$Cutting $?$

Work in process inventory$$Stitching $?$

Factory overhead $?$

$8$ May $31$ Work in process inventory$$Stitching $?$

Work in process inventory$$Cutting $?$

$9$ May $31$ Finished goods inventory $?$

Work in process inventory$$Stitching $?$

$10$ May $31$ Accounts receivable $256,000$

Sales $256,000$

$11$ May $31$ Cost of goods sold $?$

Finished goods inventory $?$