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 34,000 18,700 33,100 Raw materials $34,000 9,800 61,000 Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payrol1 (paid with cash) 192,000 100,000 Factory overhead Indirect materials 11,000 23,000 102,000 1,300,000 Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 558 Exercise 15-8 Journal entries for materials LO P1 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.