3 The following information is avaliable for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 25 points $ se, een 11,600 78,880 $ 66,00 24, 100 49,600 224,00 373, 80e eBook Inventories Raw materials Work in process Finished goods Activities and information for Muy Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory ovechea Indirect materials Indirect labor Other overhead costs sales (received in cash) Predetermined overhead rate based on direct labor cost Hint 29, eee 94,800 134, ose 1,540,000 75% Paint Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (close) overapplied or underappiled overhead to Cost of Goods Sold Feferences 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 APT ANH General Journal > 25% 3 Predetermined overhead rate based on direct labor cost Determine whether there is over or underapplied overhead Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold -2.5 point Complete this question by entering your answers in the tabs below. eBook Overhead Absorption General Journal Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Hint View transaction list Print Journal entry worksheet Reference >