The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system. April 30 May 31 Inventories Raw materials $ 43,000 $ 51,000 Goods in process 11,800 18,500 Finished goods 62,000 36,000 Activities and information for May Raw materials purchases (paid with cash) 195,000 Factory payroll (paid with cash) 410,000 Factory overhead Indirect materials 11,000 Indirect labor 75,000 Other overhead costs 99,000 Sales (received in cash) 1,230,000 Predetermined overhead rate based on direct labor cost 65 % Prepare journal entries for the above events for the month of May. 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage