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	$	46,000			$	55,000
Work in process		9,000				19,600
Finished goods		62,000				33,300
Activities and information for May
Raw materials purchases (paid with cash)						183,000
Factory payroll (paid with cash)						250,000
Factory overhead
Indirect materials						11,000
Indirect labor						57,500
Other overhead costs						116,000
Sales (received in cash)						1,900,000
Predetermined overhead rate based on direct labor cost						55	%

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.

A. Record the entry for direct labor usage. Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1

B. Record the entry for indirect labor usage. Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
2

C. Record the entry for the cash payment of total factory payroll. Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
3