Vie 3 $ $39,000 9,100 63,000 37,000 18, 100 33, 100 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 172,000 100,000 Part 3 of 3 5 points 12,000 23,000 109,500 1,500,000 55% 01:31:49 Exercise 15-10 Journal entries for overhead LO P3 eBook 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Ask Prepare journal entries for the above transactions for the month of May. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 Factory overhead 109,500 Other accounts 109,500 B 2 Work in process inventory Factory overhead