13 Required information Part 3 of 4 1341 points (The following information applies to the questions displayed below] 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 $43,00 $ 52,000 work In process 10,200 21,300 Finished goods 63,000 35,600 Activities and information for May Factory payroll (paid with cash) Raw materials purchases (paid with cash) 210,000 345,000 Factory overhead Indirect materials 15,000 Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 50,000 120,000 1,400,000 70% 1. Direct labor usage 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. A No Answer is not complete. Transaction General Journal Debit Credit 1 Work in process inventory Factory wages payable B 2 C 3 Factory overhead Factory wages payable Factory wages payable: Cash 0000 345,000 345,000