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 $ Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases paid with $41,000 9.200 59,000 42.000 18,200 33,400 179,000 150,000 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 9.000 34.500 105,000 1,600,000 556 1. Incurred other overhead costs (record credit to Other Accounts) 2. Application of overhead to work in process. Prepare Journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet 12 Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts Note: Enter debits before credits Transaction General Journal Debit Credit Record entry View general journal Clear entry View transaction list Journal entry worksheet Record the application of overhead to work in process. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry