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I hope this is allowed, all is one problem and goes with the information showed at the top in the first photo. Thank you in

I hope this is allowed, all is one problem and goes with the information showed at the top in the first photo. Thank you in advance. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required Information [The following Information applies to the questions displayed below.) The following Information is available for Lock-Tite Company, which produces special-order securfty products and uses a Job order costing system. April 30 May 31 $ $ 26,000 9,400 54,600 42,000 20,999 34,800 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 184,099 250,000 11,000 57,500 102,000 1,900,000 55% Compute 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. Raw Materials (RM) Work in Process (WIP) April 30 RM purchases Indirect materials OM used Cost of goods manuf Apni 30 DM used DL used overhead applied May 31 May 31 Factory Overhead Finished Goods (FG) Inventory April 30 Cost of goods sold Cost of goods manuf Overhead applied Indirect materials Indirect labor Record raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Racord entry Clearly View oneral Journal 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 llat Journal entry worksheet

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