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Required Thormation Use the following information to answer questions [The following information applies to the questions displayed below.] 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 $ $45,999 10,080 57,000 47,000 18,990 33,40e 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 181,000 300,000 11.ee 69,000 96,000 1,900,000 55% Cercise 19-8 Journal entries for materials LO P1 Raw materials purchases for cash. Direct materials usage. Indirect materials usage. epare journal entries for the above transactions for the month of May. View transaction list View transaction list Journal entry worksheet