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 available regarding its May inventories. Ending Inventory Beginning Inventory $ 76,000 183,500 $ 91,750 130,500 203,300 103,900 48,100 36,250 Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory 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 Direct labor Direct labor-Cutting Direct labor-Stitching Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs Factory Overhead Rates Cutting Stitching Sales $ 22,600 90,400 $ 95,000 25,250 $ 54,000 57,800 61,000 150% of direct materials used 120% of direct labor used $ 816,000 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 2 3 4 5 6 7 8 11 > Record purchase of raw materials. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Raw materials inventory Record entry Clear entry View general journal