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 $ $49,000 9,800 60,000 58,000 20,900 33,200 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 197,000 250,000 9,000 57,500 115,000 1,300,000 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 View journal entry worksheet No Transaction General Journal General Journal Debit Credit Raw materials inventory Cash 1 B 2 Work in process inventory Raw materials inventory Factory overhead Raw materials inventory 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. View transaction list View journal entry worksheet Transaction Debit Credit AL 1 General Journal Work in process inventory Factory wages payable B 2 Factory overhead Factory wages payable CL Factory wages payable Factor Cash