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 $28,000 9,100 63,000 59,000 19,000 33,500 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 171,000 250,000 8,000 57,500 117,500 Other overhead costs Sales (received in cash) Predetermined overhead rate based on 1,200,000 55 direct labor cost Exercise 19-8 Journal entries for materials LO P1 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 View transaction list Journal entry worksheet 1 2 3 Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry View general journal Clear entry