Use information in Exercise 19-7 to prepare journal entries for the following events for the month of May.

1. Incurred other overhead costs (record credit to Other Accounts).

2. Applied overhead to work in process.

April 30 May 31 $43,000 10.200 63,000 $ 52,000 21,300 35,600 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. 210,000 345,000 15,000 80,000 120,000 1,400,000 70%