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 Raw materials work in process Finished goods Activities and information for Hay Raw materials purchases (paid with cash) Factory payroll (peid with cash) Factory overhead Indirect materials Indirect labor M other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost Apr11 30 May 31 $29,000 $ 42.000 9,800 19,000 67,000 34,800 197,000 150,000 17,000 34,500 100,500 1,700,000 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