April 30				May 31
Inventories
Raw materials	$	29,000			$	52,000
Work in process		9,200				18,000
Finished goods		50,000				34,000
Activities and information for May
Raw materials purchases (paid with cash)						177,000
Factory payroll (paid with cash)						150,000
Factory overhead
Indirect materials						9,000
Indirect labor						34,500
Other overhead costs						118,000
Sales (received in cash)						1,100,000
Predetermined overhead rate based on direct labor cost						55	%

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.