The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30May 31 t 4 of 4 Inventories Raw materials Work in process Finished goods $43,000 $ 52,000 21, 300 35, 600 10,200 63, 000 nts Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 210, 000 Skipped 345, 000 15, 000 80,000 120, 1, 400, 000 eBook Indirect materials Indirect labor Other overhead costS Hint Sales (received in cash) Predetermined overhead rate based on direct labor cost eferences 70% 1. Incurred other overhead costs (record credit to Other Accounts). 2. Application of overhead to work in process ic