Part 1 of 3 Required information 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 2.5 points Skipped April 30 May 31 $ $43,000 10.200 63.000 52,000 21,300 35,600 B Inventories Raw materials Work in process Finished goods Activities and information for May Rav materiale purchases (paid with canh Factory payroll (paid with cash) Factory overhead Indirect materiale Indirect labor other overhead costs Sales (received in a Predetermined overhead rate based on direct labor cont 210,000 345,000 Mint 15.000 80,000 120,000 1,400,000 700 Pin 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