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 S Raw materials $42,000 9,300 42,000 18,100 33,400 Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhe ad Indirect materials 68,000 194,000 300,000 7,000 69,000 Indirect labor Other overhead costs 93,500 1,800,000 55 Sales received in cash) Predetermined overhead rate based on direct labor cost 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 1 2 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 1