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 1 $26.000 300 12.000 41.000 19.300 34. 100 Riteris Work in proce Fanshed toode Activities and information for May Raw materiale purchases (paid with cash) Factory payroll paid with esh) Factory ovated Indirect materials Indirect labor Other Overhead coats Sales (received in auth) Predecined overhead rate based on direct labor cost 184,000 260.000 14.000 57. 500 109.000 1.500,000 55 Exercise 19.8 Journal entries for materials LO P1 1. Raw materials purchases for cash 2. Direct materials usage 3. Indirect materials usage Prepare journal entries for the above transactions for the month of May Required information 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May View transaction fist Journal entry worksheet Record raw material purchases for cash. Note: Enter debits before credits. ances Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Required information 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal