Use the following information to answer questions

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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	$	30,000			$	54,000
Work in process		10,000				19,800
Finished goods		70,000				33,100
Activities and information for May
Raw materials purchases (paid with cash)						187,000
Factory payroll (paid with cash)						150,000
Factory overhead
Indirect materials						13,000
Indirect labor						34,500
Other overhead costs						116,500
Sales (received in cash)						1,100,000
Predetermined overhead rate based on direct labor cost						55	%

Exercise 19-10 Journal entries for overhead LO P3

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.