apter 15 HW Help Save & Exit Submit Check my work 10 1 of 3 Required information 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 Inventories Raw materials $25,000 $ 32,000 Work in process 9.900 20.400 Finished goods 70,000 33,000 Activities and information for May Raw materials purchases (paid with cash) 179,000 Factory payroll (paid with cash) 250,000 Factory overhead Indirect materials 15,000 Indirect labor 57,500 Other overhead coats 111,500 Sales (received in cash) 1,600,000 Predetermined overhead rate based on direct labor cost 550 Book Merences Exercise 15-8 Journal entries for materials LO P1 1. Raw materials purchases for cash 2. Direct materials usage. 3. Indirect materials usage.