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! 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
! 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 5 $ 25,000 9,500 54,000 52,000 20,400 33,600 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 189,000 300,000 16,000 69,800 118,000 1,700,000 55% 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. 1. Duet laborsage 2. incect laborsage 2. Total payroll paid in cash Prepare journal entries for the above wansactions for the month of May Journal entry worksheet A > Record the entry for direct storage We do 1 Hemde Clareny View 1. Direct labor usage 2. Indirect laborsage 2. Total payroll paid in cos Prepare journal entries for the above transactions for the month of May. Journal entry worksheet A > Record the entry for indirector 2 Recy View all 1. Direct labor usage 2. Indirect labore 2. To payroll paid in cash Prepare journal entries for the above transactions for the month of May Journal entry worksheet
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