The following Information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system Inventories Rav materials Work in process Pinished g Activities a nformation for May Pav naterials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor other overhead costs Sales (received in cash) Predetermined overbead rate based on direct labor cost Determine whether there is over or underapplied overhead. Huy B $43,000 52,000) 10,200 21,300 63,000 35,600 210,000 345,000 15,000 80,000 120,000 1,400,000 704 Prepare the journal entry to allocate (close) averapplied or underapplied overhead to Cost of Goods Sold Answer is not complete. Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Prepare the journal entry to allocate (dose) overapplied or underapplied overhead to Cost of Goods Sold. @ No Transaction General Journal 22 201 00014 #3 54 Det Credit > MacBook Air 85 % ^ 6 87 & * 7 8 W E R T Y U S D F G H -11 " 9 P K