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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, April 30 May 31 $ $30,000 9,500 67,000 47,000 20, 100 33,500 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materiais 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 cost 185,000 100,000 7.000 23,000 119,500 1,100,000 55% 1. Raw materials purchases for cash 2. Direct materials usage 3. Indirect materials usage 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. 4 Prepare journal entries for the above transactions for the month of May. View transaction list ok Journal entry worksheet Tit A B > ent ences Record the entry to assign direct materials to jobs. Note: Enter de bits before credits Transaction General Journal Debit Credit 2