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
Inventories
Raw materials	$	28,000			$	51,000
Work in process		9,400				20,000
Finished goods		59,000				33,400
Activities and information for May
Raw materials purchases (paid with cash)						172,000
Factory payroll (paid with cash)						200,000
Factory overhead
Indirect materials						8,000
Indirect labor						46,000
Other overhead costs						111,500
Sales (received in cash)						1,100,000
Predetermined overhead rate based on direct labor cost						55	%

Exercise 15-10 Journal entries for overhead LO P3

1. Incurred other overhead costs (record credit to Other Accounts).
2. Application of overhead to work in process.