The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system 10 points May 31 April 30 $43.000 10,200 63,000 $ 52.000 21,300 35,600 eBook int Inventories Raw materials Work in process Finished goods Activities and Information for May Raw materiale purchases (paid with cash Factory payroll (paid with cash) Factory overhead Indirect materiala Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210,000 345,000 References 15.000 80,000 120,000 1.400.000 700 Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (closch overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. 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 General Absorption Journal Determine whether there is over or underapplied overhead. Factory Overhead Indirect materials Indirect labor Other overhead costs Overhead Absorption General Journal > 6 Journal entry worksheet