Sanders 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:

	Beginning Inventory			Ending Inventory
Raw materials inventory	$	141,000		$	171,700
Work in process inventoryCutting		313,500			65,000
Work in process inventoryStitching		333,300			195,500
Finished goods inventory		290,100			62,250

The following additional information describes the company's production activities for May.

Direct materials
Raw materials purchased on credit	$	160,000
Direct materials usedCutting		28,500
Direct materials usedStitching		0

Direct labor
Direct laborCutting	$	29,100
Direct laborStitching		116,400
Total factory payroll paid (in cash)		205,900

Factory Overhead (Actual costs)
Indirect materials used	$	100,800
Indirect labor used		60,400
Other overhead costs		74,000

Factory Overhead Rates
Cutting	(150% of direct materials used			)
Stitching	(120% of direct labor used			)
Sales	$1,396,000

Prepare journal entries for the month of May's transactions. View transaction list View journal entry worksheet a. Record the purchase of materials (on credit). b. Record direct materials used in production. c. Record the usage of indirect materials. ces d. Record the cost of direct labor incurred but not yet paid. (Use "Factory wages payable" account). e. Record the cost of indirect labor incurred but not yet paid. (Use "Factory wages payable" account). f. Record the payment of the total factory payroll. g. Record the cost of other factory overhead costs (credit Note : journal entry has been entered 6 May 31 Factory wages payable Cash P3-1a Saved Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $1,396,000 Cost of General Journal Requirement Costc General Ledger Trial Balance Raw Materials Cost of Goods Mfg Cutting Goods Mfg Goods Stitching Calculate the value of cost of goods sold for the month of May. Ignore any over- or ur calculation of cost of goods sold. Dates: Apr 30 s Calculate cost of goods sold: Cost of goods available for sale Cost of goods sold P3-1a Saved Cost of Cost of General General Raw Requirement Trial Balance Goods Mfg Goods Mfde Journal Ledger Materials Gc Cutting Stitching Prepare a schedule of cost of goods manufactured for Sanders Company for the mor Dates: Apr Total manufacturing costs added during May Total cost of work in process