Accounting

19-7X+Cnewconnect.mheducation.com/flow/connect.htmlLO OTVContact lenses - Le... Rate My Professors... @ PostPony...iFun - $ 3x 7.F Q19-7 iSavedHelpSave & ExitSubmitCheck my workRequired information[The following information applies to the questions displayed below.]10The following information is available for Lock-Tite Company, which produces special-order security products and uses apointsjob order costing system.April 30May 31eBookInventoriesRaw materials$26, 000$40 , 000HintWork in process9 , 20020, 100Finished goods69, 00034, 000PrintActivities and information for MayReferencesRaw materials purchases (paid with cash)170 , 000Factory payroll (paid with cash)200, 000Factory overheadIndirect materials17, 000Indirect labor46, 000Other overhead costs112, 500Sales (received in cash)1, 700, 000Predetermined overhead rate based on direct labor cost558Compute the following amounts for the month of May using T-accounts.1. Cost of direct materials used.2. Cost of direct labor used.3. Cost of goods manufactured.4. Cost of goods sold.*5. Gross profit.6. Overapplied or underapplied overhead.*Do not consider any underapplied or overapplied overhead.McGrawEducation 19-7X+Cnewconnect.mheducation.com/flow/connect.htmlLO OTVContact lenses - Le... Rate My Professors... @ PostPony...iFun - ) 3X2FA Q19-7 iSavedHelpSave & ExitSubmitCheck my work!Required information10*Do not consider any underapplied or overapplied overhead.pointsRaw Materials (RM)Work in Process (WIP)eBookApril 3026,000RM purchases170,000Hint17,000 Indirect materialsPrintDM usedReferences179,0000Finished Goods (FG)Factory Overhead00Income statement (partial)McGrawHill 19-7X+Cnewconnect.mheducation.com/flow/connect.htmlLO OTVContact lenses - Le... Rate My Professors... PostPony...iFun - $3x 7.F Q19-7 iSavedHelpSave & ExitSubmitCheck my work!Required information17,000 Indirect materials10DM usedpoints179,0000eBookFinished Goods (FG)Factory OverheadHintPrintReferences00ncome statement (partial)$McGrawHillEducation