! 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 $ $ 47,000 9,100 54,000 44,000 18,100 33,800 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 186,000 150,000 11,000 34,500 114,000 1,100,000 55% Journal entry worksheet Record raw material purchases for cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Journal entry worksheet Record the entry to assign direct materials to jobs. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Journal entry worksheet Record the entry to assign indirect materials to jobs. Note: Enter debits before credits. General Journal Debit Credit Transaction 3