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 Work in process Finished goods $43,000 52,000 21,300 35,600 10,200 63,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 210,000 345,000 Indirect materials Indirect labor Other overhead costs 15,000 80,000 120,000 1,400,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 70% 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. Journal entry worksheet 2 Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 3 Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet 2 3 Record the entry to assign indirect materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal