14 Part 4 of 4 Required information [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. 134 points Skloped Inventories Raw materials April 30 May 31 $43,000 $ 52,000 Work in process 10,200 21,300 Finished goods 63,000 35,000 Activities and information for Hay Raw materials purchases (paid with cash) 210,000 edook Factory payroll (paid with cash) 345,000 Factory overhead Indirect materials 15,000 Indirect labor 50,000 Other overhead costs Het Sales (received in cash) Predetermined averhead rate based on direct labor cost 120,000 1,400,000 70% References 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process Part 4 of 41 34 oints Skipped 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 transaction list Journal entry worksheet eBook Hint A B Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. Print Note: Enter debits before credits. Transaction 1 References General Journal Debit Credit Record entry Clear entry View general journal Part 4 of 4 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 134 points Shipped eBook Hint Print O References View transaction list Journal entry worksheet A B Record the application of overhead to work in process. Note: Enter debits before credits Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal