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I am trying to figure out the rest but I do not understand. Can you please fill it out with an explanation? fRequired information [1716

I am trying to figure out the rest but I do not understand. Can you please fill it out with an explanation?

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\fRequired information [1716 following information applies to the questions displayed below. j The followmg information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 39 May 31 Inventories Raw materials $37,999 $ 52,999 Work in process 9,299 19,499 Finished goods 54,999 33,999 Activities and information for May Raw materials purchases (paid with (ash) 189,999 Factory payroll (paid with cash) 259,999 Factory overhead Indirect materials 7,999 Indirect labor 57,599 Other overhead costs 99,999 Sales (received in (ash) 1,299,999 Predetennined overhead rate based on direct labor cost 55% I 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. Viewuansaction Journal entry worksheet ( A B c > Record raw material purchases for cash. Note: Enter debits before credits. Wew general journal Required information [The following Information applies to the questions displayed below] The followmg information is available for Lock-Tite Company, which produces special-order security products and uses a Job order coating system. April 36 Inventories Raw materials $37,069 :6 Work in process 9,160 Finished goods 54,666 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with ca5h) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in (ash) Predetermined overhead rate based on direct labor cost May 31 52,666 19,466 33,966 139,666 256,666 7,666 57,566 99,666 1,266,666 55% 1. Direct iabor usage. 2. Indirect labor usage, 3. Total payroli paid in cash. Prepare journal entries for the above transactions for the month of May, View transaction at Journal entry worksheet Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. Name: Enter debits hefore credits. VIEW general journal

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