Help Save & Exit Subre Check my world The following information is available for Lock-Tite Company, which produces special-order security products and us a job order costing system. April 30 May 31 $ $ 47,000 11,000 67,000 60,000 22,900 43,600 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 218,000 361,000 23,000 88,000 128,000 1,480,000 808 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. Tonton Overhead Predetermined overhead rate based on direct labor cost 80% Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sol Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Determine whether there is over or underapplied overhead. Indirect materials Indirect labor Other overhead costs Factory Overhead 23,000 88,000 111,000 Overhead Absorption General Journal > Help Save & Exit Submit Check my work General Overhead Absorption Journal Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. 2.9 points View transaction list eBook Journal entry worksheet Hint Print References Record entry to allocate (close) qnderapplied/overapplied overhead to cost of goods sold. Note: Enter debits before credits. Debit Credit General Journal Transaction View general journal Clear entry Record entry