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 Inventorien Raw materials $40,000 5 58,000 Work in process 9,300 18,700 Tinished goods 64,000 34,900 Activities and information for May raw materials purchases (paid with cash) 192,000 Factory payroll (pold with canh) 100,000 Factory overhead Indirect materials 15,000 Indirect labor 23,000 other overhead costs 103,500 Sales (received in cash) 1,600,000 Predetermined overhead rate based on direct labor cost 551 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. May View transaction list Journal entry worksheet B 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 Record entry Clear entry View general Journal Journal entry worksheet