April 30 May 31 Inventories Raw materials $27,000 $41,000 Goods in process 9,000 20,600 Finished goods 70,000 33,000 Activities and information for May Raw materials purchases (paid with cash) 183,000 Factory payroll (paid with cash) 500,000 Factory overhead Indirect materials 6,000 Indirect labor 74,000 Other overhead costs 95,500 Sales (received in cash) 1,500,000 Predetermined overhead rate based on direct labor cost 55 Need journal entries for... 1.) Direct materials usage 2.)Direct labor usage 3.)Factory overhead excluding indirect materials and indirect labor 4.) Application of overhead to goods in process 5.) Transfer of finished jobs to the finished goods inventory 6.) sale and delivery of finished goods to customers for cash (record unadjusted cost os sales) 7.) allocation (closing) of overapplied or underapplied overhead to cost of goods sold