Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory...

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Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory Ending Inventory $ 56,000 143,500 $ 67,150 110,500 163,300 40,100 91,500 28,250 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 Direct labor Direct labor-Cutting Direct labor-Stitching $ 20,600 82,400 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs Factory Overhead Rates Cutting Stitching $ 75,000 24,250 $ 39,600 57,000 57,000 0 150% of direct materials used 120% of direct labor used Sales Record cost of goods sold for May. Note: Enter debits before credits. $ 656,000 Date General Journal Debit Credit May 31 Cost of goods sold Finished goods inventory Record entry Clear entry View general journal Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory Ending Inventory $ 56,000 143,500 $ 67,150 110,500 163,300 40,100 91,500 28,250 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 Direct labor Direct labor-Cutting Direct labor-Stitching $ 20,600 82,400 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs Factory Overhead Rates Cutting Stitching $ 75,000 24,250 $ 39,600 57,000 57,000 0 150% of direct materials used 120% of direct labor used Sales Record cost of goods sold for May. Note: Enter debits before credits. $ 656,000 Date General Journal Debit Credit May 31 Cost of goods sold Finished goods inventory Record entry Clear entry View general journal