act for the work you have completed so far. It does not indicate completion [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system Required Information Inventories ek in process $43.000 10,300 rinished goods 63,000 Activities and information for May Factory payroll (paid with cash) 21,300 35,40 Raw materiale parshasan (paid with h 218,005 345,000 Factory overhead Indirect materiale 15,000 Indirect labor other overhead costs 130,000 Bales (received in cash 1,400,000 Predetermined overhead rate based on disset labor cost 70% 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 * " 2 50 > 44 611 ww L &7 R T Y 00 J - 69 A 1 0 -O K 0 P V B N M D F G H C > +1 He V command of