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 job order costing system. April 30 May 31 Inventories Raw materials Work in process $42,000 48,000 9,780 18,100 Finished goods 9,000 33,800 Activities and information for May Raw materials purchases (paid with cash) 171,000 Factory payroll (paid with cash) 100,000 Factory overhead Indirect materials 12,000 Indirect labor 23,000 Other overhead costs 103,500 Sales (received in cash) Predetermined overhead rate based on direct labor cost, 1,100,000 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 Journal entry worksheet < A B C Record raw material purchases for cash. Note: Entar debits before credits Transaction 1 General Journal Raw materials inventory Debit Credit Cash Secord entry Clear entry View general journal >