Answer the following questions with the information below

Required information 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, April 30 May 31 Inventories Raw materials $49,000 $ 32,000 Work in process 9,800 19,400 Finished goods 64,000 33,200 Activities and information for May Raw materials purchases (paid with cash) 184,000 Factory payroll (paid with cash) 100,000 Factory overhead Indirect materials 18,000 Indirect labor 23,000 Other overhead costs 93,500 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct labor cost 555 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 LULU CATICLES DE Required information 5. Gross profit 6. Overapplied or underapplied overhead. "Do not consider any underapplied or overapplied overhead, Raw Materials (RM) Work In Process (WIP) April 30 TRM purchases Indirect materials DM used May 31 0 0 Finished Goods (FG) Inventory Factory Ovorhood 0 Income statement (partial) GA $ 0 Journal entry worksheet Record the entry to assign direct materials to jobs. Note: Enter debits before credits Transaction General Journal Debit 2 Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for indirect labor usage. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal Journal entry worksheet