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please help! this is one problem with several parts. Required information [The following information applies to the questions displayed below.) The following information is available

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Required information [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 $ $45,000 9,400 69,000 35,000 19,700 34,100 Inventories Raw materials Work in process Finished goods 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 175,000 200,000 8,000 46,000 96,500 1,200,000 55 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare lournal entries for the above transactions for the month of May 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 Journal entry worksheet Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Accounts payable Cash Cost of goods sold Factory overhead Factory payroll Record entr View general Journal 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 Journal entry worksheet Record the entry to assign indirect materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Accounts payable Cash Cost of goods sold Factory overhead Record entr View general journal 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

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