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 $ $37,000 9,800 55,000 57,000 20, 100 33,300 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 187,000 200,000 15,000 46,000 104,500 1,600,000 55% 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet A Record the entry for direct labor usage. B Record the entry for indirect labor usage. C Record the entry for the cash payment of total factory payroll. Credit Note : Journal entry has been entered Record entry Clear entry View general journal 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the month of May. View transacties list A Record other factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts indirect B Record the application of overhead to work in process. Credit Note : = journal entry has been entered