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 $ 27,000 $ 57, eee Work in process 9,100 20,300 Finished goods 70,000 34,200 Activities and information for May Raw materials purchases (paid with cash) 191,000 Factory payroll (paid with cash) 300,000 Factory overhead Indirect materials 7,000 Indirect labor 69,000 Other overhead costs 118,000 Sales (received in cash) 1,600,000 Predetermined overhead rate based on direct labor cost 55% 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 B