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. April 30 May 31 $ $43,000 10,200 63,000 52,000 21,300 35,600 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 materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210,000 345,000 15,000 80,000 120,000 1,400,000 70% Record the entry for direct labor usage. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 210,000 210,000 Raw materials inventory Cash Work in process inventory Raw materials inventory Factory overhead 186,000 186,000 15,000 Record the entry for indirect labor usage. Note: Enter debits before credits. Credit Transaction 2 Debit 265,000 General Journal Work in process inventory Factory wages payable Factory overhead Factory wages payable 265,000 80,000 345,000 345,000 Record the entry for the cash payment of total factory payroll. Note: Enter debits before credits. Credit Transaction 3 Debit 120,000 General Journal Factory overhead Accounts payable Work in process inventory Factory overhead 120,000 185,500 185,500