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 Inventories Raw materials $43,000 5 Work in process 52,000 10, 200 21,300 Finished goods 63.000 35,600 Activities and Information for May Raw materiale purchas paid with canh) 210,000 Factory payroll paid with cash) 345,000 Factory overhead Indirect materials 15,000 Indirect labor 30,000 Other overhead cost 120,000 sales received in canh) 1,400,000 Produtenained overhead rate based on direct labor cost 700 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 Drenare the mal entry to allocate fringenverannlied or underannienverhand in End of Gands Sold Complete this question by entering your answers in the tabs below. Overhead Absorption General Journal Determine whether there is over or underapplied overhead. Factory Overhead 230,000 216,000 Applied overhead Actual overhead Underapplied overhead 14,000 Complete this question by entering your answers in the tabs below. Overhead Genera Absorption Journal Prepare the journal entry to allocate (close) overapplied or underapplied overhead to cost of Goods Sold. View transaction list View journal entry worksheet NO Transaction General Journal 2 A Raw materials inventory Debit Credit 210,000 Cash 210,000