[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 Inventories Raw materials $28,000 36,000 Work in process 10,000 20,900 Finished goods 60,000 34,200 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) 180,000 150,000 Factory overhead Indirect materials Indirect labor Other overhead costs: 9,000 34,500 111,500 Sales (received in cash) Predetermined overhead rate based on direct labor cost 1,800,000 558 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 Journal entry worksheet < A B Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry 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 Journal entry worksheet < A B Record the application of overhead to work in process. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit View general journal Record entry Clear entry