3 Part 3 of 4 5 points Required information [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 3e May 31 Inventories Raw materials $45,000 $ 41,eee Work in process 9,600 19,800 Finished goods 62,000 33,900 Activities and Information for May Raw materials purchases (paid with cash) 190,000 Factory payroll (paid with cash) 200,000 Factory overhead Indirect materials 7.ee Indirect labor 46,000 other overhead costs 115,500 Sales (received in cash) 1,500,000 Predetermined overhead rate based on direct labor cost 55 Book Print References 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. View transaction list Journal entry worksheet 2 3 > ME Mill