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: Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Ending Inventory Inventory 63,500 70,500 83,300 66, 700 24,100 12,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 35,000 Direct materials used-cutting 22,250 Direct materials used-stitching e Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $ 16,600 66,400 138,400 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 16,600 66,400 138,400 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 10,800 55,400 49,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $336,000 Journal entry worksheet 1 2 3 4 5 6 7 CO 12 Record purchase of raw materials. Note: Enter debits before credits. General Journal Debit Credit Date May 31 Journal entry worksheet Record indirect materials used in production. Note: Enter debits before credits. Date General Journal Debit Credit May 31 Journal entry worksheet Record direct labor cost incurred, but not yet paid. Note: Enter debits before credits. General Journal Debit Credit Date May 31 Goo Record overhead applied at 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Credit Debit Date General Journal May 31 View general journal Clear entry Record entry NG Next > of 3