I need help with my assignment please

Use the following information to answer questions 7-11 [The following information applies to the questions displayed below.] 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 $ 35,000 $ 9,200 56.000 45,000 19,300 33,800 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 174,000 330,000 16,000 65,000 98,500 1,400,000 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. RM - April 30 RM purchases Raw Materials (RM) 35,000 16,000 Indirect materials 174,000 148,000 DM used WIP - April 30 DM used DL used Overhead applied WIP - May 31 Work in Process (WIP) 9.2007 548,650 Cost of goods manuf. 148,000 265,000 145,750 1 9,300 RM-May 31 | 45,000 Factory payroll Factory Payroll 330,000 Indirect labor 265,000 DL used FG - April 30 Cost of goods manuf Finished Goods (FG) 56,000 570,850 Cost of goods sold 548,650 65,000 FG - May 31 33,800 Indirect materials Indirect labor Other overhead costs Factory Overhead 16,000 145,750 Overhead applied 65,000 98,500 Underapplied OH 3 3,750 Income statement (partial) Sales $ 1,400,000 Cost of goods sold 570,850 Gross profit $ 829,150 Exercise 2-8 Journal entries for materials LO P1 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list View journal entry worksheet No Transaction General Journal Credit Debit 174,000 Raw materials inventory Cash 174,000 148,000 Work in process inventory Raw materials inventory 148,000 16,000 Factory overhead Raw materials inventory 16,000 Exercise 2-11 Adjusting factory overhead LO P4 Determine whether there is over or underapplied overhead. Factory Overhead 179,500 Actual overhead 145,750 Applied overhead Underapplied overhead 33,750 Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. View transaction list View journal entry worksheet Transaction General Journal Debit Credit No 1 Cost of goods sold