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	$	48,000			$	62,000
Work in process		11,200				23,300
Finished goods		68,000				45,600
Activities and information for May
Raw materials purchases (paid with cash)						220,000
Factory payroll (paid with cash)						365,000
Factory overhead
Indirect materials						25,000
Indirect labor						90,000
Other overhead costs						130,000
Sales (received in cash)						1,500,000
Predetermined overhead rate based on direct labor cost						80	%

Determine whether there is over or underapplied overhead.

Factory Overhead

Transaction

General Journal

Debit

Credit