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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
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 InventoryEnding InventoryRaw materials inventory$ $ Work in process inventoryCuttingWork in process inventoryStitchingFinished goods inventoryThe following additional information describes the company's production activities for May.Direct materials Raw materials purchased on credit$ Direct materials usedCuttingDirect materials usedStitchingDirect labor Direct laborCutting$ Direct laborStitchingFactory Overhead Actual costs Indirect materials used$ Indirect labor usedOther overhead costsFactory Overhead Rates Cutting of direct materials usedStitching of direct labor used Sales$ Prepare May journal entries to record the following May activities:Raw materials purchasesDirect materials usedIndirect materials usedDirect labor usedIndirect labor usedOther overhead costs paid in cashOverhead appliedGoods transferred from Cutting to StitchingGoods transferred from Stitching to finished goodsSales on accountCost of goods sold
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