4 [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products job order costing system. 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 Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used. 2. Cost of direct labor used. 3. Cost of goods manufactured. 4. Cost of goods sold.* 5. Gross profit. 6. Overapplied or underapplied overhead. *Do not consider any underapplied or overapplied overhead. April 30 $43,000 10,200 63,000 $ May 31 52,000 21,300 35,600 210,000 345,000 15,000 80,000 120,000 1,400,000 70%

[The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products job order costing system. Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used. 2. Cost of direct labor used. 3. Cost of goods manufactured. 4. Cost of goods sold." 5. Gross profit. 6. Overapplied or underapplied overhead. -Do not consider any underapplied or overapplied overhead