8 Required information [The following information applies to the questions displayed below.] Part 4 of 4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. 3 points April 30 May 31 $ $28,000 9,800 63,000 45,000 18,600 34,800 eBook Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 180,000 150,000 dot Hint 15,000 34,500 111,000 1,700,000 55% Print 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the month of May. Journal entry worksheet ts eBook Record other factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. Hint Note: Enter debits before credits. Transaction General Journal Debit Credit Print 1 Record entry Clear entry View general Journal Journal entry worksheet nts Record the application of overhead to work in process. eBook Hint Note: Enter debits before credits. Transaction General Journal Debit Credit Print 2 Record entry Clear entry View general Journal