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following information is available for Lock-Tite Company, which produces special-order security job order costing system. Inventories Raw materials Work in process April 30 $35,000

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following information is available for Lock-Tite Company, which produces special-order security job order costing system. Inventories Raw materials Work in process April 30 $35,000 9,800 May 31 $ 54,000 19,900 Finished goods 57,000 34,500 Activities and information for May Raw materials purchases (paid with cash) 187,000 Factory payroll (paid with cash) 100,000 Factory overhead Indirect materials 18,000 Indirect labor 23,000 Other overhead costs 115,000 Sales (received in cash) 1,600,000 Predetermined overhead rate based on direct labor cost 554

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