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Raw materials inventory Work in process inventory-cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $ 76,000 183,500 203, 300 160, 180 Ending Inventory $ 91,758 58,500 138,500 36,250 The following additional Information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 95, eee 25, 25e @ Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 22,6ee 9e, 4ee 17e, Bee Factory Overhead (Actual costs) Indirect materials used Indirect laber used Other overhead costs $ 54,80e 57, Bee 61,60e Factory Overhead Rates Cutting (150% of direct materials used) Stitching (12e of direct labor used) Sales $816,80e Prepare journal entries for the month of May's transactions. View transaction list Journal entry worksheet 1 2 3 5 67 8 ---- 12 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date Account Title Debit Credit May 31 Record entry Clear entry View general journal Prepare journal entries for the month of May's transactions. View transaction list Journal entry worksheet 12 8 7 12 CO Journal entry worksheet 2 3 5 6 7 8 12 h. Record the application of overhead at a rate of 150% of direct materials costs (Cutting) and 120% of direct labor cost (Stitching). Note: Enter debits before credits. Date Account Title Debit Credit May 31 Record entry Clear entry View general journal Journal entry worksheet 1 4 5 6 7 8 9 == N i. Record the transferred costs of partially completed goods. Note: Enter debits before credits. Date Account Title Debit Credit May 31 Record entry Clear entry View general jou

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