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

1. Direct labor usage.

2.Indirect labor usage.

3. Total payroll

Prepare journal entries for the above transactions for the month if May.

B (Ch.13) 6 [The following information applies to the questions displayed below The following information is available for Lock-Tite Company, which produces special-order security products and use job order costing system. Inventories Work in process Finished goods $31,000 51,eee 19,280 33,300 9,500 52,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 193,000 300,000 Indirect materials Indirect labor Other overhead costs 9,000 69,000 99,000 1,480,6e0 55% Sales (received in cash) Predetermined overhead rate based on direct labor cost 1. Direct labor usage 2 Indirect labor usage 3. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May. K Prey of 13 Next >