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 $49,028 $ 64,982 Work in process 11,400 23,780 Finished goods 69,000 47,6ea Activities and information for May Raw materials purchases (paid with cash) 222,000 Factory payrolt (paid with cash) 369,000 Factory overhead Indirect materials 27,000 Indirect labor 92,888 Other overhead costs 132,098 Sales (received in cash) 1,528,888 Predetermined overhead rate based on direct labor cost 784 Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Determine whether there is over or underapplied overhead. Factory Overhead General Journal > wat Anar Next