Raw materials $31,000 $ 31,000 Work in process 9,300 19,000 Finished goods 64,000 35,000 Activities and information for May Raw materials purchases (paid with cash) 185,000 Factory payroll (paid with cash) Indirect materials Factory overhead Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 200,000 6,000 46,000 96,000 1,600,000 55% 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