The following information is available for Lock Company, which produces custom security systems and uses a job order cost accounting system. November 30 December 31 Inventories Raw Materials Work in Process Finished Goods 43,000 52,000 10,200 21,300 63,000 35,600 Activities and information for March Raw Materials purchases (paid in cash) 210,000 Factory payroll (paid in cash) 345,000 Factory overhead Indirect materials 15,000 Indirect labor 80,000 Other overhead costs (paid in cash) 120,000 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct labor costs 70% Part A: Compute the following amounts for the month of December. Show your work and label so I can find it easily! START ON THE NEXT PAGE! 1. Cost of direct materials used 2. Cost of direct labor used 3. Cost of goods manufactured 4. Cost of goods sold (ignore under or over applied overhead at this stage) 5. Gross profit 6. Overapplied or underapplied overhead Part B: Use the work you have completed above to make journal entries for the following events in January. 1. Raw materials purchases 2. Direct materials usage 3. Indirect materials usage 4. Direct labor usage 5. Indirect labor usage 6. Payment of factory payroll 7. Purchase of other factory overhead for cash, excluding indirect materials and indirect labor 8. Application of total factory overhead to Work in Process 9. Allocate overapplied or underapplied overhead to Cost of Goods Sold.