1. The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system.

	April 30				May 31
Inventories
Raw materials	$	49,000			$	43,000
Work in process		9,200				18,600
Finished goods		58,000				34,900
Activities and information for May
Raw materials purchases (paid with cash)						174,000
Factory payroll (paid with cash)						150,000
Factory overhead
Indirect materials						12,000
Indirect labor						34,500
Other overhead costs						93,500
Sales (received in cash)						1,300,000
Predetermined overhead rate based on direct labor cost						55	%

Exercise 15-8 Journal entries for materials LO P1

a. Raw materials purchases for cash.

b. Direct materials usage.

c. Indirect materials usage.

Prepare journal entries for the above transactions for the month of May.