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please complete all joirnals Required information Use the following information to answer questions {The following information applies to the questions displayed below) The following information

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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. April 30 May 31 Inventories Raw materials $43,000 $ 52,000 Work in process 10.200 21,300 Finished goods 63,000 35.600 Activities and information for May Raw materials purchases (paid with caub) 210.000 Factory payroll (paid with cash) 345,000 Factory overhead Indirect materiale 15,000 Indirect labor 80,000 Other overhead costs 120,000 Sales (received in cash) 1.400,000 Predetermined overhead rete based on direct labor cost 701 Exercise 02-8 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 Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost Exercise 02-9 Journal entries for labor LO P2 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet ses A 00 Record the entry for direct labor usage. Note: Enter debits before credits Transaction General Journal Debit Credit Exercise 02-10 Journal entries for overhead LO P3 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

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