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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 3, 200 20, 200 8 01:40:27 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, 000 Factory overhead Indirect materials 10, 090 eBook Indirect labor 34,500 Other overhead costs 115 , 000 Sales ( received in cash) 1, 700, 000 Predetermined overhead rate based on direct labor cost 55%% References 1. Raw materials purchases for cash. ct materia 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet