I need helping finishing this problem! I have gotten all this information but I cannot figure out the costs of goods manufactured or the cost of goods sold. As well as any other information missing from what I have. Any help would be appreciated so much!!

Sierra Company manufactures woven blankets and accounts for product costs using process costing. The company uses a single processing department. The following information is available regarding its May inventories

	Beginning Inventory			Ending Inventory
Raw materials inventory	$	62,000		$	104,500
Work in process inventory		423,000			543,000
Finished goods inventory		608,000			1,001

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

Raw materials purchases (on credit)	$	280,000
Factory payroll cost (paid in cash)		1,558,000
Other overhead cost (Other Accounts credited)		37,000
Materials used
Direct	$	173,500
Indirect		64,000
Labor used
Direct	$	790,000
Indirect		768,000
Overhead rate as a percent of direct labor		110	%
Sales (on credit)	$	4,500,000

The predetermined overhead rate was computed at the beginning of the year as 110% of direct labor cost.

1. Compute the cost of products transferred from production to finished goods and cost of goods sold.

2.

Prepare summary journal entries dated May 31 to record the following production activities during May: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor costs incurred, (e) indirect labor costs incurred, (f) payment of factory payroll, (g) other overhead costs, (h) overhead applied, (i) goods transferred from production to finished goods, and (j) sale of finished goods.

Date	General Journal	Debit	Credit
May 31	Raw materials inventory	280,000
	Accounts payable		280,000
May 31	Work in process inventory	173,500
	Raw materials inventory		173,500
May 31	Factory overhead	64,000
	Raw materials inventory		64,000
May 31	Work in process inventory	790,000
	Factory payroll payable		790,000
May 31	Factory overhead	768,000
	Factory payroll payable		768,000
May 31	Factory payroll payable	1,558,000
	Cash		1,558,000
May 31	Factory overhead	37,000
	Other accounts		37,000
May 31	Work in process inventory	869,000
	Factory overhead		869,000
May 31	Finished goods inventory
	Work in process inventory
May 31	Accounts receivable	4,500,000
	Sales		4,500,000
May 31	Cost of goods sold
	Finished goods inventory