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please look at it carefully. its a same case for different problems Required information Use the following information to answer questions The following information applies

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Required information Use the following information to answer questions The following information applies to the questions displayed below es speci secur The following information is available for Lock Tite Company, which Job order costing system. oducts April 30 May 31 $ $35,000 9,680 68,000 46,000 20,388 34,100 174,000 200,000 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 7,000 46,000 119,500 1,200,000 55% 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. View transaction list Journal entry worksheet

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