[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 $41,000 55,000 21,000 33,600 9,800 63,800 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 197,000 280,800 11,800 46,800 119,500 1,300,00e Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 55% 1. Direct labor usage. 2. Indirect labor usage 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. Journal entry worksheet 2 3 Record the entry for direct labor usage. Note: Enter debits before credits. Debit Credit General Journal Transaction 1 co