post the journal entries 461012

The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system.

April 30 May 31

Inventories

Raw materials $ 36,000 $ 49,000

Goods in process 11,500 22,000

Finished goods 66,000 30,800

Activities and information for May

Raw materials purchases (paid with cash) 190,000

Factory payroll (paid with cash) 395,000

Factory overhead

Indirect materials 11,000

Indirect labor 73,000

Other overhead costs 105,000

Sales (received in cash) 1,240,000

Predetermined overhead rate based on direct labor cost 65 %

1. Raw materials purchases for cash.

2. Direct materials usage.

3. Indirect materials usage.

Prepare journal entries for the above events for the month of May. (Omit the “$” sign in your response.)

Events General Journal Debit Credit

1.

2.

3.