UPDATED: Attached below is a five part question in regards toLock-Tite Company. This will entail t accounts and journal entries.

The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 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 1. Compute the following amounts for the month of May using T-accounts. 1. 2. 3. 4. 5. 6. Cost of direct materials used. Cost of direct labor used. Cost of goods manufactured. Cost of goods sold.* Gross profit. Overapplied or underapplied overhead. *Do not consider any underapplied or overapplied overhead. Create a new excel page and fill out the statements below. 2. $ 43,000 10,200 63,000 May 31 $ 52,000 21,300 35,600 210,000 345,000 15,000 80,000 120,000 1,400,000 70% 2. Exercise 19-8 Journal entries for materials LO P1 1. Record raw material purchases for cash. 2. Record the entry to assign direct materials to jobs. 3. Record the entry to assign indirect materials to jobs. Prepare journal entries for the above transactions for the month of May. In a separate excel document. 3. Exercise 19-9 Journal entries for labor LO P2 1. Record the entry for direct labor usage. 2. Record the entry for indirect labor usage. 3. Record the entry for the cash payment of total factory payroll. Prepare journal entries for the above transactions for the month of May. In a separate excel document. 4. Exercise 19-10 Journal entries for overhead LO P3 1. Record other Factory overhead costs (excluding indirect materials and indirect labor). Record credit to Other Accounts. 2. Record the application of overhead to work in process. Prepare journal entries for the above transactions for the month of May. In a separate excel document. 5a. Exercise 19-11 Adjusting factory overhead LO P4 Determine whether there is over or underapplied overhead. In a separate excel document. 5b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. In a separate excel document. 1. Record entry to allocate (close) underapplied/overapplied overhead to cost of goods sold