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 Inventories Raw materials $43,000 $ 52,600 Work in process 10,200 21,300 Finished goods 63,000 35,600 Activities and information for May Raw materials purchases (paid with cash) 210,000 Factory payroll (paid with cash) 345,000 Factory overhead Indirect materials 15,000 Indirect labor Other Overhead costs 80,000 Sales (received in cash) 120,000 1,400,000 Predetermined overhead rate based on direct labor cost 705 Required information Journal entry worksheet C A B Record other factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit + 4 of 4 Journal entry worksheet ts Record the application of overhead to work in process. eBook Note: Enter debits before credits print Transaction General Journal Debit Credit References 2