Check my work Vie 10 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 2.27 points Inventories 70,000 24,900 53,600 $52,000 12,000 72,000 Rav materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with eamh) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predeternined overhead rate based on direct labor cost X 011422 228,000 381,000 33,000 98,000 References 138,000 1,580,000 75 Determine whether there is over or underapplied overhead. Factory Overhead Applied overhead Indirect materials Indirect labor 33,000 98,000 131,000 Other overhead costs Next> 10 of 11 Mc Graw