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Cost flows in a job order cost system The following information is available for Lock-Down Company, which produces special-order security products...

II. Cost flows in a job order cost system
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……………………………………………………………… $40,000 $50,000
Goods in process………………………………………………………….. 9,600 19,500
Finished goods…………………………………………………………….. 60,000 33,200
Activities and information for May
Raw materials purchases (paid with cash)……………………………… 189,000
Factory payroll (paid with cash)………………………………………….. 400,000
Factory overhead
Indirect materials………………………………………………………... 12,000
Indirect labor…………………………………………………………….. 75,000
Other overhead costs…………………………………………………… 100,500
Sales (received in cash)………………………………………………………. 1,200,000
Predetermined overhead rate based on direct labor cost………………… 65%


Do not consider any underapplied or overapplied overhead.

III. Journal Entries for Materials, Labor, and Overhead

Use information to prepare journal entries for the following events for the month of May.

1. Direct labor usage and Indirect labor usage.

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