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Panzarella Company manutactures 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. The following additional information describes the company's production activities for May. 5,1,45,600 General Journal tab is Jourmalize the transackions related to parzareala Compary's manufacturing of soccer balls, The Panzarella Company during the inonth of May. Gerieral Ledger tab- One of the advaridges of general ledger sodtwarn is that posting is done autormatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific polnt in time, stick on. the Gentaral tediger tab. Trial Bafance tab - Ceneral ledger software also autemates the preparation of trial balances. A trial balance lists each General Journal tab - Journalize the transactions related to Panzarella Company's manufacturing of soccer balls. The General Ledger and Trial Balance will be-updated based on your entries. Prepare journal entries to record the transactions of Panzarella Company during the month of May. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledoer tab. Trial Balance tab- General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits: Raw Materials tab - Calculate the total cost of direct materials used in production during May. Cost of Goods Manufactured Cutting and stitching tab-Prepare a schedule of cost of goods manufactured for Panzarelia Company for the month of May. Cost of Goods Sold tab - Prepare a schedule of cost of goods sold for Panzarella Company for the month of May. Gross Profit tab - Calculate the gross profit on sales for May. Prepare journal entries for the month of May's transactions. Panzarella 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 avallable regarding its May inventories: The following additional information describes the company's production activities for May. Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Prepare a schedule of cost of goods manufactured for the stitching Department for the month of May. Calculate the value of cost of goods sold for the month of May. Ignore any over or underapplied overhead in the calculation of cost of goods sold. Calculate the value of gross profit for the month of May

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