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 us job order costing system. April 30 May 31 $ $32,000 9,000 56,800 42,000 20, 180 33,700 171,000 200,000 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 12,086 46,000 115,500 1,900,000 55% 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. Prey of 7 Next Journal entry worksheet B Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Work in process inventory Raw materials inventory View oneral journal Clear Only Record entsy Prex 4 of 7 Next Journal entry worksheet