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 83,500 80,500 Work in process inventory-Stitching 103, 300 72,900 Finished goods inventory 28,100 16,250 The following additional Information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 45,000 Direct materials used-Cutting Direct materials used-stitching 22,750 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 17,600 70,400 143,800 Factory Overhead (Actual costs Indirect materials used Indirect labor used Other overhead costs $ 18,000 55,800 51,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $416,000 Problem 20-1A Part 2 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. (a) direct labor costs incurred, (e) Indirect labor costs incurred. (0 payment of factory payroll (9) 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 fist Journal entry worksheet 2 3 4 5 6 7 8 12 Record purchase of raw materials. Note Enter debts before credits