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 Inventory Inventory Work in process inventory-Cutting 43,500 51,500 Work in process inventory-Stitching 63,300 60,500 Finished goods inventory 20,100 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 25,000 Direct materials used-cutting 21,750 Direct materials used-stitching 0 Direct Labor Direct labor cutting Direct labor.stitching Total factory payroll paid (in cash) $ 15,600 62,400 133,000 Yactory overhead (Actual costa) Indirect materials used Indirect labor used other overhead conta $ 6,000 55,000 47,000 Factory Overhead Raten Cutting (1501 of direct materials used) stitching (1205 of direct labor used) Bales $256,000 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, payment of factory payroll, (g) other overhead costs, (credit Other Accounts). (h) overhead applied, goods transferred from Cutting to Stitching, O goods transferred from Stitching to finished goods, (k) cost of goods sold, and (1) sales. View transaction list Journal entry worksheet 3 4 1 2 5 6 7 8 12. Record purchase of raw materials. Note: Enter debits before credits General Journal Debit Date May 31 Credit Journal entry worksheet