Check my w reyuncu MIGUU Use the following information to answer questions [The following information applies to the questions displayed below) The following information is available for Lock Tite Company, which produces special order security products and uses a job order costing system. Inventories April 30 May 31 Raw materials $ 47,000 5 Work in process 56,00 9,800 Finished goods 19,100 53,000 34,400 Activities and information for May Raw materials purchases (paid with cash) 197,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 13,000 Indirect labor 34,500 Other overhead costs 99,000 Sales (received in cash) 1,100,000 55% Predetermined overhead rate based on direct labor cost Exercise 15-8 Journal entries for materials LO P1 Exercise 15-8 Journal entries for materials LO P1 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