Return to que 1 Williams 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: 15 points Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $136,000 303,500 323, 300 280, 100 Ending Inventory $165,550 64,500 190,500 60, 250 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 $155,000 28,250 Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $ 28,600 114,400 203, 200 1 Factory Overhead (Actual costs) Indirect materials used Indirect labor used other overhead costs $97,200 60,200 73,000 15 points Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $1,336,000 Reti 1 Answer is not complete. 15 points Cost of Cost of General General Raw Trial Balance Requirement Cost of Goods Mlg Goods Mfg Journal Materials Gross Profit Ledger Goods Sold Cutting Stitching Verily the ending balance in raw materials inventory. Enter the amount of materials used as negative values. Beginning Raw Materials Inventory Raw materials purchased Materials available for use Direct materials used Indirect materials used Ending raw material inventory 136,000 155,000 291,000 28,2503 97,200 416,450 > $