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 $49,000 $ 59,000 Work in process 9,700 19,100 Finished goods 60,000 34,400 Activities and information for May Raw materials purchases (paid with cash) 197,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 15,000 Indirect labor 34,500 Other overhead costs 93,500 Sales (received in cash) 1,600,000 Predetermined overhead rate based on direct labor cost SSX 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. Required information Journal entry worksheet A B > Record raw material purchases for cash. Note: Enter debits before credits General Journal Transaction 1 Debit Credit A Record entry Clear entry View general journal