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6 The following information is available for Lock-Tite Company, which produces special-order security products and us costing system 42 points April 30 May 31 $ $43,500 18,300 63,500 53,000 21,500 36,680 ebook Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials 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 211,000 347,000 Pilt 16,000 81,000 121,000 1,410,000 758 Retences Determine whether there is over or underapplied overhead, Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Determine whether there is over or underapplied overhead. Factory Overhead General Journal > module 2 HW #4 Chapter 15 Swed 6 Journai entry worksneet