Inventories Raw materials April 30 $31,000 9,300 Work in process Finished goods 64,000 Activities and information for May Raw materials purchases (paid with cash). Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs. Sales (received in cash) Predetermined overhead rate based on direct labor cost 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