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: Beginning Ending Work in process inventory Cutting Work in process inventory-Stitching Finished goods inventory Inventory Inventory 193,500 135,500 213,300 107,000 50,100 38,250 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 $100,000 25,500 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 23,100 92,400 173,500 Factory Overhead (Actual costs) Indirect materials used Indirect labor used $ 57,600 58,000 other overhead costs 62,000 Factory Overhead Rates Cutting Stitching Sales (150% of direct materials used) (120% of direct labor used) $856,000 2. Prepare summary journal entries dated May 31 to record the following production activities during May: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor costs incurred, (e) indirect labor costs incurred. (1) payment of factory payroll, (g) other overhead costs, (credit Other Accounts), (h) overhead applied. () goods transferred from Cutting to Stitching. () goods transferred from Stitching to finished goods, (k) cost of goods sold, and (1) sales. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12. Record purchase of raw materials. Note: Enter debits before credits. Date May 31 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 Record direct materials used in production. Note: Enter debits before credits. Date May 31 8 12 > General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 Record indirect materials used in production. Note: Enter debits before credits. Date May 31 7 8 12. 22 General Journal Debit Credit < Prev Ga of 12 Journal entry worksheet < 1 2 3 4 5 6 7 8 12. > Record direct labor cost incurred, but not yet paid. Note: Enter debits before credits. Date May 31 General Journal Debit Credit G Journal entry worksheet < 1 2 3 4 5 6 7 8 Record indirect labor cost incurred, but not yet paid. Note: Enter debits before credits. Date May 31 12. 12 General Journal Debit Credit < Prev > 13 Ga of 12 Journal entry worksheet < 1 2 3 4 5 6 7 8 ... Record payment of total factory payroll. Note: Enter debits before credits. Date May 31 12 12. > General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8..... Record other overhead costs incurred (credit Other accounts). Note: Enter debits before credits. Date May 31 12. 12 General Journal Debit Credit S < Prev 9 of 12 Journal entry worksheet < 1 2 3 4 5 6 7 8 12 > Record overhead applied at 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Date May 31 General Journal Debit Credit < Prev 9 of 12 Journal entry worksheet < 15 6 7 8 Record the sale of finished goods. Note: Enter debits before credits. Date May 31 6 10 10 11 22 12 > General Journal Debit Credit Sc