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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 products and

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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 products and uses a job order costing system April 30 May 31 5 $ 43,000 9,700 69,000 52,000 20,300 33,480 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 183,000 150,00 15,000 34,500 100,600 2,000,000 55% 1. Incurred other overhead costs (record credit to Other Accounts). 2. Application of overhead to work in process. 0 Required information uur ELIT VIR 2 > 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 Record entry Clear entry View general journal Required information -UUR LEELY W Record the application of overhead to work in process. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal

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