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 $ $26,000 9,700 58,000 51,000 20,300 33,800 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 187,000 150,000 7,000 34,500 118,500 1,700,000 55% Raw Materials (RM) Work in Process (WIP) April 30 RM purchases Indirect materials DM used May 31 ol Finished Goods (FG) Factory Overhead Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit