Question: I need help with this please. 2 Required information The following information applies to the questions displayed below.] Part 2 of 4 The following information

I need help with this please.

I need help with this please. 2 Required information The following information

2 Required information The following information applies to the questions displayed below.] Part 2 of 4 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 3.12 Inventories points Raw materials $30, 000 S 59, 090 Work in process 9, 200 20, 200 01:40:43 Finished goods 56, 000 33,900 Activities and information for May Raw materials purchases (paid with cash) 197, 000 Factory payroll (paid with cash) 150, 090 Factory overhead Indirect materials 10, 090 =Book Indirect labor 34,500 Other overhead costs 115, 006 Sales ( received in cash) 1, 700, 090 Predetermined overhead rate based on direct labor cost 55%% References 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet C Record the entry to assign direct materials to jobs. Note: Enter debits before credits. Transaction General Journal Debit Credit 2

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