Required information The following information applies to the questions displayed belowJ 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 Work in process Finished goods $ 25,00041,00 19,000 34,600 9,900 55,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 179,000e 150,000 Indirect materials Indirect labor Other overhead costs 9,000 34,500 105,000 1,100,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55% Raw materials purchases for cash Direct materials usage Indirect materials usage No Transaction General Journal Debit Credit Raw materials inventory 179,000 179,000 Work in process inventory Raw materials inventory Factory overhead 9,000 Raw materials inventory 9,000