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Hoes not indicate completion. Return to 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 $ $44,000 9,600 63,000 49,000 18,600 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 186,000 150,000 15,000 34,500 118,500 1,300,000 558 Exercise 19-9 Journal entries for labor LO P2 1. Direct labor usage. Exercise 19-9 Journal entries for labor LO P2 1. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. Answer is complete but not entirely correct. No Transaction Credit General Journal Work in process inventory Raw materials inventory Debit 150,000 150,000 Work in process inventory 115,500 x Cash 115,500 % Factory overhead Cash 34,500 34,500