The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system.

1. Incurred other overhead costs (record credit to Other Accounts).

2. Application of overhead to work in process.

Prepare journal entries for the above transactions for the month of May.

h. 13) 0 The following information is available for Lock-Tite Company, which produces special-order securit job order costing system. Inventories Raw materials Work in process Finished goods $31,000 9,500 52,000 51,000 19,200 33,300 2 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 193,000 300,000 Indirect materials Indirect labor Other overhead costs 9,000 69,000 99,000 1,400,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55% Incurred other overhead costs (record credit to Other Accounts). Application of overhead to work in process epare journal entries for the above transactions for the month of May tion list