Required information 2 [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 job order costing system. Part 2 of 4 April 30 May 31 Inventories Raw materials $30, 000 S 59, 090 Work in process 9, 200 20, 200 3.12 Finished goods 56,004 33, 900 points Activities and information for May Raw materials purchases (paid with cash) 197, 090 Factory payroll (paid with cash) 150, 000 X 01:41:04 Factory overhead Indirect materials 10, 090 Indirect labor 34,500 Other overhead costs 115, 000 Sales ( received in cash) 1, 700, 000 559 Book Predetermined overhead rate based on direct labor cost References 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 A B C Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal