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please help by explaining what to do to get each entry The following information is available for Lock-Tite Company, which produces special-order security products and
please help by explaining what to do to get each entry 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 $ $41,000 9,900 65,000 42,000 19,700 33,900 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with canh) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 195,000 200,000 13,000 46,000 96,000 1,600,000 55 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage
please help by explaining what to do to get each entry
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