GL$0301-$ Based on Problem $3-5$A $($Algo$)$ LO P$3,$ P$4$

Carlberg 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:

The following additional information describes the company's production activities for May.

Direct materials

Raw materials purchased on credit $$50,000$

Direct materials used$-$Cutting $23,000$

Direct materials used$-$Stitching $$

Direct labor

Direct labor$-$Cutting $$18,100$

Direct labor$-$Stitching $,72,400$

Factory Overhead $($Actual costs$)$

Indirect materials used $$21,600$

Indirect labor used $,56,000$

Other overhead costs $52,000$

Factory Overhead Rates

Cutting

Stitching

$(150\%$ of direct materials used$)$

$(120\%$ of direct labor used$)$

Sales

$$456,000$

Prepare journal entries for the month of May's transactions.