The following information is available for Lock Tite Company, which produces special order security products and uses a Job order costing system May 31 April 30 $38,000 9,900 63,000 $ 31,000 19,600 34,100 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 195,000 250,000 9,000 57,500 114,500 1,500,000 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