HE The following information apples 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 An May 31 $ 325,000 9.500 56,000 42.000 11,900 33,100 Inventories materials work in process Finished goods Activities and information for Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overtad Indirect materials Indirect labor other overhead costs Sales (received in cash Fredetermined overhead rate based on direct Inbor cost 129,000 250,000 10.ee 57,500 95,500 1,300,000 551 1. Incurred other overhead costs record credit to Other Account) 2. Applied overhead to work in process Prepare foumal entries for the above transactions for the month of May View transaction ist Journal entry worksheet B > Record other factory overhead costs (excluding indirect materials and indirect tabor). Record credit to Other Accounts Now the Transaction Deneral Journal Debit Credit 1 C Prey 6 me here to search ot nyUVIOMU The following information apples to the questions alsplayed below The following information is available for Lock Tite Company, which produces special-order security job order costing system April 20 May 31 $ $35,000 9,500 56,00 42,00 18,900 33,300 Inventories Raw materials Work in process Finished foods Activities and information for May Raw materials purchases (paid with casto Factory payroll (paid ath cash) Factory overhead Indirect materials Indirect labor other overhead costs Sales (received in cash Predetermined overhead rate based on direct labor cost 179,00 25e,ese 10, 57.500 95, see 2,300,eed 554 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. View transaction list Journal entry worksheet Record the application of overhead to work in process Notente debes before credo Transaction General Journal Debil Credit 2