Required information [The following information applies to the questions displayed below.] Sierra 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 avallable regarding its May inventories. The following additional information describes the company's production activities for May. 2. Prepare May 31 journal entries to record the following May activities: a. Raw materials purchases b. Direct materials used c. Indirect materials used d. Direct labor used e. Indirect labor used f. Other overhead costs paid in cash g. Overhead applied h. Goods transferred from Cutting to Stitching i. Goods transferred from Stitching to finished goods j. Sales (on account) k. Cost of goods sold Journal entry worksheet 1 Record purchase of raw materials. 2 Record direct materials used in production. 3 Record indirect materials used in production. 4 Record direct labor cost incurred, but not yet paid. 5 Record indirect labor cost incurred, but not yet paid. 6 Record payment of other overhead. 7 Record overhead applied at 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). 6 Record payment of other overhead. 7 Record overhead applied at 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). 8 Record transfer of goods from the Cutting department to the Stitching department. 9 Record the transfer of completed products from production to finished goods inventory. 10 Record the sale of finished goods on account. 11 Record cost of goods sold for May