The following additional information describes the company's production activitie Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $115,000 26,250 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 24,600 98,400 181,600 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 68,400 58,600 65,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1209 of direct labor used) Sales $976,000 2. Prepare summary journal entries dated May 31 to record the following production a (b) direct materials usage, (c) indirect materials usage, (d) direct labor costs incurred, le factory payroll, (g) other overhead costs, (credit Other Accounts), (h) overhead applied C) goods transferred from Stitching to finished goods, (k) cost of goods sold, and (1) sa View transaction list Journal entry worksheet Record purchase of raw materials. Note: Enter debits before credits Date General Journal Debit Credit May 31 Record entry Clear entry View general journal 8+