Prepare journal entries for the above transactions for the month of May.

1.Record raw material purchases for cash.

2.Record the entry to assign direct materials to jobs.

3.Record the entry to assign indirect materials to jobs.

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 $ $ 37,000 9,200 70,000 52,000 18,500 33,900 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 191,000 250,000 17,000 57,500 98,500 1,100,000 55% 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage