Prepare summary journal enteries dated May 31 to record the following production activities during May:

drop downs go as follow:

-accounts payable

-accounts receivable

-cash

-cost of goods sold

-factory overhead

-factory payroll payable

-finished goods inventory

-other accounts

-raw materials inventory

-sales

-work in process inventory

Sierra Company manufactures woven blankets and accounts for product costs using process costing. Data below are for one of its processing departments. The following information is available regarding its May inventories Beginning Ending Raw materials inventory Work in process inventory Finished goods inventory Inventory Inventory $ 50,000 $119,000 418,000 575,000 636,000 552,000 The following additional information describes the company's production activities for May Raw materials purchases (on credit) Factory wages cost (paid in cash) other overhead cost (Other Accounts credited) Materials used $ 290,000 1,562,000 33,000 Direct Indirect $ 157,000 64,000 Labor used Direct Indirect 790,000 772,000 Overhead rate as a percent of direct labor Sales (on credit) 110% $6,500,000 The predetermined overhead rate was computed at the beginning of the year as 110% of direct labor cost. 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, (i) sale of finished goods