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 s job order costing system. April 30 May 31 Inventories Raw materials $44,000 $ 38,000 Work in process 9,000 20,100 Finished goods 64,000 34,500 Factory overhead Activities and information for May Factory payroll (paid with cash) Indirect materials Raw materials purchases (paid with cash) 193,000 100,000 18,000 Indirect labor Other overhead costs. Sales (received in cash) Predetermined overhead rate based on direct labor cost 23,000 115,588 1,600,000 55% Exercise 19-10 Journal entries for overhead LO P3 1. Incurred other overhead costs (record credit to Other Accounts). 2 Application of overhead to work in process. Prepare journal entries for the above transactions for the month of May. View transaction let Journal entry worksheet <1 2 record other factory overhead costs (excluding indirect materials and labor). credit to accounts. note: enter debits before credits transaction general journal debit entry clear view>