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Saved 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 job

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Saved 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 job order costing system Inventories Raw materials Work in process Finished goods $32,000 54,000 18,600 33,000 9,500 65,000 Activities and information, for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 175,000 150,000 Indirect materials Indirect labor other overhead costs 9,000 34, 500 115,500 1,500,00e sales (received in cash) Predetermined overhead rate based on direct labor cost 1. Raw materials purchases for cash 2. Direct materials usage 3. Indirect materials usage

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