Question: Moslty done just need help with a few cells. Required information Use the following information to answer questions [The following information applies to the questions

Required information Use the following information to answer questions [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. 109 K May 31 April 30 $30,000 9,700 58.000 at 41,000 19,400 34,800 nces 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 materials Indirect labor Other overhead coate Sales (received in cash) Predetermined overhead rate based on direct labor cost 195.000 150,000 15,000 34.500 109,000 1,600,000 550 Exercise 15-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of May using Taccounts. 1. Cost of direct materials used. 2. Cost of direct labor used. fil...docx Homework A Seved Help Required information Raw Materials (RM) 30,000 15,000 Indirect materials 195,000 169,000 DM used April 30 RM purchases Cost of goods manuf. April 30 DM used DL used Overhead applied May 31 Work In Process (WIP) 9,700 169,000 115,500 May 31 41,000 294 200 Finished Goods (FG) 58,000 Factory Overhead 15,000 Cost of goods sold Indirect materials Overhead applied April 30 Cost of goods manuf Indirect labor 34,500 Other overhead costs 109,000 May 31 58,000 Underapplied OH 158,500 Income statement (partial) Sales $ 1,600,000 Cost of goods sold Gross profit $ 1,600,000 Required information Use the following information to answer questions [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security p job order costing system. April 30 May 31 $ $30,000 9,700 58,000 41,000 19,400 34,800 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 195,000 150,000 15,000 34,500 109,000 1,600,000 558 Exercise 15-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used. 2. Cost of direct labor used
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