Required information Use the following information to answer questions [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. Inventories April 30 May 31 Raw materials $46,000 $ Work in process 35,000 9,800 Finished goods 19,600 55,000 34,600 Activities and information for May Raw materials purchases (paid with cash) 175,000 Factory payroll (paid with cash) 300,000 Factory overhead Indirect materials 7.000 Indirect labor 60,000 Other overhead costs 108,000 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct labor cok 55% Exercise 15-8 Journal entries for materials LO P1 transactions for the month of May. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 1 Raw materials inventory 175,000 Cash 175.000 2 Work in process inventory Raw materials inventory 3 3 Factory overhead Raw materials inventory 7.000 7.000 Required information Journal entry worksheet Record the entry for direct labor usage. Note: Enter debits before credits Transaction General Journal Debit Credit + View general POM Question 4 - Assignment 2-Con X ocation.com/et/map/index.html?_con-conexternal browser=0&launchuirlihttps%253A%252F%252Fblackboard shawnee eduk252F Saved 6 Required information JUULI ILIY WUINIEL > Record the entry for direct labor usage. Note: Enter debits before credits Transaction General Journal Debit Credit + View general POM Question 4 - Assignment 2-Con X ocation.com/et/map/index.html?_con-conexternal browser=0&launchuirlihttps%253A%252F%252Fblackboard shawnee eduk252F Saved 6 Required information JUULI ILIY WUINIEL >