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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 $
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 $ $34,000 9,100 54,000 36,000 20,700 34,900 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 186,000 150,000 17,000 34,500 100,500 1,800,000 559 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet 1 2 3 Record raw material purchases for cash. Required information 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet of 4 !!! 1. Raw materials purchases for cash. 2. Direct materials usage, 3. Indirect materials usage, Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet 4 Drev 2 3
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