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help please recording the entries for: direct labor usage, indirect labor usage, and total payroll paid in cash The following information is available for Lock-Tite
help please recording the entries for: direct labor usage, indirect labor usage, and total payroll paid in cash
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 Inventories Raw baterial $43.0 $ 52, ale World in process 18,280 21,300 Finished soods 53.ee 35,500 Activities and Information for May Kaw material purchases paid th cash) 218.00 Factory payroll paid with cash) 345 Bee Factory overhead Indirect materials 15.00 Indirect labor se, Other overhead costs 120,00 Sales (received in cash 1.00, Predetermined overhead rate based on direct labor cost 1. Direct labor usage 2. Indirect labor usage 3. Total payroll paid in cash Prepare Journal entries for the above transactions for the month of May View transaction list Journal entry worksheet B C Record the entry for direct labor usage. No Ero debits baits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Step by Step Solution
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