Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials...

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Accounting

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:

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Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $ 35,000 22,250 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 $338,000 Sales Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 16,600 66,400 138,409 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 roblem 20-1A Part 2 Joumal entry worksheet Record purchase of raw materials. Joumal entry worksheet Record direct materials used in production. red letomation Journal entry worksheet Recoed indirect materials used in production ed information urnal entry worksheet 1 2 3 4 Record direct laber est incurred, but not yet paid. Journal entry worksheet

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