4 Part of 5 points Skipped 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 30 May 31 Inventories Raw materials $27,000 $ 51,000 Work in process 9,600 20, 100 Finished goods 65,000 34,700 Activities and information for May Raw materials purchases (paid with cash) 193,000 Factory payroll (paid with cash) 250,000 Factory overhead Indirect naterials 8,000 Ihdirect labor 57,500 Other overhead costs 111,500 Sales (received in cash) 1,100,000 Predetermined overhead rate based on direct labor cost 55 eBook Hint Print References 1. Raw materials purchases for cash. 2. Direct materials usage 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet 4 Predetermined overhead rate based on direct labor cost t 1 of 2 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. nts Prepare journal entries for the above transactions for the month of May. Skipped View transaction list eBook Journal entry worksheet Hint Record raw material purchases for cash. Print Note: Enter debits before credits. eferences Transaction General Journal Debit Credit 1 Predetermined overhead rate based on direct labor cost 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet