April 30 May 31 Inventories Raw materials $31,000 $ 38,000 Work in process 9,800 20,700 Finished goods 69,000 34,900 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials 191,000 100,000 6,000 Indirect labor Other overhead costs: Sales (received in cash) 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 < A B C Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit 23,000 104,000 1,400,000 55%