The following information is available for Lock-Safe Company, which produces special-order security products and uses a job order cost accounting system.

	April 30		May 31
Inventories
Raw materials	$	42,000	$	48,000
Goods in process		9,900		19,000
Finished goods		64,000		37,400
Activities and information for May
Raw materials purchases (paid with cash)				188,000
Factory payroll (paid with cash)				400,000
Factory overhead
Indirect materials				13,000
Indirect labor				71,000
Other overhead costs				104,500
Sales (received in cash)				1,280,000
Predetermined overhead rate based on direct labor cost				50	%

1.	Factory overhead excluding indirect materials and indirect labor (record credit to Other Accounts).
2.	Application of overhead to goods in process.

Prepare journal entries for the above events for the month of May.

The following information is available for Lock-Safe Company, which produces special-order security products and uses a job order cost accounting system.

	April 30		May 31
Inventories
Raw materials	$	44,000	$	46,000
Goods in process		10,600		18,500
Finished goods		66,000		30,400
Activities and information for May
Raw materials purchases (paid with cash)				189,000
Factory payroll (paid with cash)				400,000
Factory overhead
Indirect materials				12,000
Indirect labor				76,000
Other overhead costs				103,000
Sales (received in cash)				1,200,000
Predetermined overhead rate based on direct labor cost				50	%

Determine whether there is over or underapplied overhead using T-accounts.