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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|
|Work in process||9,100||18,100|
|Activities and information for May|
|Raw materials purchases (paid with cash)||177,000|
|Factory payroll (paid with cash)||150,000|
|Other overhead costs||117,000|
|Sales (received in cash)||1,000,000|
|Predetermined overhead rate based on direct labor cost||55||%|
Compute the following amounts for the month of May using T-accounts.
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