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 Apr 30 Hay $ $20.000 9,90 60,000 46,00 20,700 3), 100 Inventories w materials Work in process Finished foods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Dredetermined overhead rate based on direct labor cost 121,000 250.00 16.000 57,50 102.5 1,400,000 55% 1. Raw materials purchases for cash 2. Direct materials usage 3. Indirect materials usage 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 Journal entry worksheet 8 Record the entry to assign direct materials to jobs. Note: Enter debits before credits General Journal Transaction 2 Debit Credit Work in process inventory Raw materials inventory Record entry Clear entry View general journal