Sierra Company manufactures woven blankets and accounts for product costs using process costing. The company uses a single processing department. The following information is available regarding its May inventories. Raw materials inventory Work in process inventory Finished goods inventory Beginning Ending Inventory Inventory 60.000 92,500 435,000 515.000 633,000 605,0003 3 The following additional information describes the company's production activities for May 250.000 1,930.000 333333 87,000 Raw materiala purchases on credit) Factory wages cont (paid in cash Other overhead coat (Other Accounts Materials used Direct Indirect bor used Direct Indirect Overhead rate as a percent Sales (on credit) COOL ESCORT RA LEONE 157, 500 BARRA COLLERS 80,000 700.000 750,000 62,500,000 115 BERES General Requirement General Journal Trial Balance Cost of Mtis Cost of Goods Cost of Goods Gross Profit Used Mfg Sold General Journal tab - Prepare journal entries to record the transactions of Sierra Company during the month of May. Cost of Materials Used tab - Calculate the total cost of direct materials used in production during May. Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Sierra Company for the month of May Cost of Goods Sold tab - Prepare a schedule of cost of goods sold for Sierra Company for the month of May. Gross Profit tab Calculate the gross profit on sales for May General Journal >