April 30 May 31 $ $34,000 9,500 66,000 35,000 20,400 34,400 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 183,000 200,000 6,000 46,000 109,500 1,500,000 558 Exercise 15-9 Journal entries for labor LO P2 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash. The following information is available for Lock-Tite Company, which produces special-order security products a job order costing system. April 30 May 31 $ $34,000 9,500 66,000 35,000 20,400 34,400 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 183,000 200,000 6,000 46,000 109,500 1,500,000 558 Exercise 15-10 Journal entries for overhead LO P3 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