April 30 May 31 $ $40,000 9,500 63,000 40,000 19,900 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 190,000 100,000 7,000 23,000 117,500 1,200,000 55% 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 A B > Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1