The following information is available for Lock Tite Company, which produces special-order security products and uses a job order costing system April 20 May 31 343,000 10,200 63,000 $2,000 21,00 35,600 Inventories raw materials Work in process Finished goods Activities and Information for Way materials parehases paid with cash) Factory payroll (paid with cash) Tectory overhead Indirect materials Indirect labor Other overhead coats Sales received in cash) Pretermined overhead rate based on direct labor cost 210,000 345,000 15,000 50,000 120,000 1,400,000 700 Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (closej overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Overhead General Absorption Journal Determine whether there is over or underapplied overhead. Factory Overhead Orad Abnormation General Journal >