Question

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 Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $ 6,000 43,500 63,300 2e, 100 Ending Inventory 1,250 $1,500 50,500 8,250 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 21,750 $ 15,600 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) 62,400 133,000 $ Factory Overhead (Actual costs) Indirect materials used Indirect Labor used Other Overhead costs 6,000 55,000 47,00

Answer 1

At first I describe cost sheet of the manufacturing event then I posting journal
Cost Sheet Total Details Particulars Direct Material (Raw Maternal Consumed) Opening Stock of Raw Material Add. Matmand Purchased 25000 - 3250 27750 78,000 105,750 Le Closing stock of Raw Material Direct Labour (cutting & stiching) Direct Expenses Poime Cost Add: Factory Overhead Indirect Materia Indirect Labour Other Overhead Cost 6010 55,000 47,00 1 log an 2,13,10 Add: Opening Stock of Work-in-progress (calling Stiching 106800 320 STO -1120 208,30 20100 228650 - 8250 Less: Closing stock of work in Progress (cutting & Sticking) W ork Cost + cost of production Addi- finished Goods (Opening) Lessi - Finished Goods Closing Cost of Production of Goods sold - Add: Total factory payroll paid? Len: Total factory poprolt poid) required to show. Total Cost / cost of boods Sold - Geposfit (difference of sales and coas) 220 400 133 an Thin entry not 353 400 -133 2,20 400 35,600 هلک 2,56,000

Cost Sheet Total Details Particulars Direct Material (Raw Maternal Consumed) Opening Stock of Raw Material Add. Matmand Purchased 25000 - 3250 27750 78,000 105,750 Le Closing stock of Raw Material Direct Labour (cutting & stiching) Direct Expenses Poime Cost Add: Factory Overhead Indirect Materia Indirect Labour Other Overhead Cost 6010 55,000 47,00 1 log an 2,13,10 Add: Opening Stock of Work-in-progress (calling Stiching 106800 320 STO -1120 208,30 20100 228650 - 8250 Less: Closing stock of work in Progress (cutting & Sticking) W ork Cost + cost of production Addi- finished Goods (Opening) Lessi - Finished Goods Closing Cost of Production of Goods sold - Add: Total factory payroll paid? Len: Total factory poprolt poid) required to show. Total Cost / cost of boods Sold - Geposfit (difference of sales and coas) 220 400 133 an Thin entry not 353 400 -133 2,20 400 35,600 هلک 2,56,000

Journal Entries 25000 34. May, 31 - Material Purchase - 25050 27,950 27, 250 Direct Material (Rave Mondental Corrimed) Indirect Material 6980 " - 7800 Factory Wagers payable Wi Dr. To Factory Wages are 7800 " - 3500 S500 Factory Wages Portable Al To Factory wages are Factory Salaries ALL To, cash 13300 133 oro 7. n - Other 25000 Factory Overhead To Payable 2500 8. - Direct Material (cutting & Stiewe wy) 749200 74928- 9. 112000 112ove 220400 Partially completed Goods Finished Goods. Gst of Goods Sold soles 11. 220 400 92 256000