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 $ $48,000 9,200 61,000 33,000 20,300 33,100 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 193,000 200,000 7,000 46,000 106,000 1,500,000 55 1. Incurred other overhead costs (record credit to Other Accounts). 2. Application of overhead to work in process