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 $ $28,000 9,000 62,000 36,000 18,300 35,000 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 canh) Predetermined overhead rate based on direct labor coat 170,000 100,000 15,000 23,000 100, 500 1,600,000 55 rapplied or overapplied overhead. Work in Process (WIP) April 30 RM purchases Raw Materials (RM) 28,000 15,000 Indirect materials 170,000 OM used Cost of goods manuf. April 30 OM used DL used May 31 183,000 Finished Goods (FG) Factory Overhead April 30 Cost of goods sold Indirect materials Overhead applied Cost of goods manuf. Indirect labor Other overhead costs May 31 Income statement (partial) Sales Gross profit 0 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