Saved The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. MO2 Ch 15 Homework 3 April 30 May 31 Part 3 of 3 Inventories Raw materials Work in process Activities and information for May $39,000 9,100 $ 37,000 18,100 Finished goods 63,000 33,100 Raw materials purchases (paid with cash) 172,000 Factory payroll (paid with cash) 100,000 Factory overhead Indirect materials 5 points 01:29:18 12,000 Indirect labor Other overhead costs Sales (received in cash) 23,000 109,500 1,500,000 Predetermined overhead rate based on direct labor cost 55% eBook Ask Exercise 15-10 Journal entries for overhead LO P3 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the month of May. View transaction list View journal entry worksheet No Transaction General Journal A 1 Factory overhead Other accounts B 2 Work in process inventory Factory overhead Debit Credit 109,500 109,500 Help Save & Exit Submit