Required information The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order s job order costing system ecurity products April 30 May 31 Inventories Raw materials Work in process Finished goods $49,000 9,600 59,000 31,000 19,700 33,700 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 176,000 100,000 Indirect materials Indirect labor Other overhead costs 13,000 23,000 100,500 1,900,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 558 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 Debit Credit