15-7

15 1-A raw materials is 80,000. raw material purchases in April are 500,000. factory payroll cost in April is 363,000. overhead cost in April are indirect materials 50,000; indirect labor 23,000; factory rent 32,000,factory utilities 19,000 & factory depreciation, 51,000. overhead rate 50% of direct labor cost. job 306 sold for 635,0000

following int olowing information is available for Lock-Tite Company. which prodaces special-order security Exere te Company. which produces spec security Exert Cost f costin s and uses a job order costing system. April 30 May 31 Raw materials Work in process Finished goods $43,000 52.000 21,300 35.600 10.200 63,000 Acivities and Information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 210.000 345.000 15,000 80.000 120,000 1.400,000 Indirect materials Indirect labor Sales (received in cash) Predetermined overhead rate based on direct labor cost 70% mpute the following amounts for the month of May 4. Cost of goods sold