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 usesa job order costing system. April 30 Inventories Raw materials Work in process Finished goods 531,000 5,000 18,500 33,100 9,800 55,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 192,000 200,000 Indirect materials Indirect labor Other overhead costs 6,000 46,000 98,500 1,708,08e Sales (received in cash) Predetermined overhead rate based on direct labor cost 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