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 $ $35,000 9,200 53,000 51,000 19,800 33, 100 Inventories Raw materials Work in process Finished goods Activities and Information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory Overhead Indirect materiale Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 185.000 300,000 7,000 69,000 107,500 1.200.000 558 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 that Journal entry worksheet Record the entry to assign indirect materials to jobs OK Note: Inter debits before credits Transaction General Journal Debit Credit int 3 onces Record entry Clear stry View general journal