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 21 1:36 5 $35,000 9,200 53,000 $1,000 19,800 33100 o Inventorses Raw materials Work in proces Finished goods Metivities and information for May Raw materials purchases (paid with canh Factory payroll (paid with cash) Tactory overhead Indirect materials Indirect labor Other overhead coats Salen received in canh) Predetermined overbead rate based on direct labor cost 336.000 300.000 2.000 69,000 107.500 1,200,000 550 ces 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process Prepare journal entries for the above transactions for the month of May View transaction list CD Journal entry worksheet 8 ed Record the application of overhead to work in process. ok Note: Enter debits before credits. Debit Credit Transaction General Journal int 2 rint erences View general Journal Clear entry Record entry