question 12 chapter 15 excersize 15-10

Check or 12 Part 4 of 4 Required information Use the following information to answer questions [The following information applies to the questions displayed below.] 25 Dints Skipped eBook The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. Hint April 30 May 31 Print $ $32,000 9,800 54,000 42,000 19,300 34,800 References 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 195,000 150,000 14,000 34,500 92,000 1,900,000 55% Exercise 15-10 Journal entries for overhead L P3 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Prepare journal entries for the above transactions the month of May. View transaction list Journal entry worksheet Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Check my work 12 Part 4 of 4 Required information Use the following information to answer questions [The following information applies to the questions displayed below.] 1.25 points Skipped eBook The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. Hint April 30 May 31 Print $ $32,000 9,800 54,000 42,000 19,300 34,800 References 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 195,000 150,000 14,000 34,500 92,000 1,900,000 55% Exercise 15-10 Journal entries for overhead LO P3 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet