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just need the correct answers and blanks filled in Required information [The following information applies to the questions displayed below) The following information is available
just need the correct answers and blanks filled in
Required information [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 $ $ 28,00 9,5ee 57,000 52,000 19,400 33,300 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 182,000 200,000 8, eee 46,000 118,000 1,800,000 55% 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. April 30 May 31 $ $ 28, eee 9,500 57,000 52,eee 19,400 33,300 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 182,000 200,000 8,000 46,000 118, eee 1,800,000 55% 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. Answer is not complete. No Transaction Debit Credit A 28,000 General Journal Raw materials inventory Other accounts Work in process inventory Factory overhead 118.000 > X 39,600 39,600 Step by Step Solution
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