Check my w 4 Part 1 of 4 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. 3 points April 30 May 31 Inventories Raw materials Work in process $45,000 9,900 $ 42,000 19,800 Finished goods 68,000 33,600 eBook Activities and information for May Hint Raw materials purchases (paid with cash) Factory payroll (paid with cash) 180,000 100,000 Print References Factory overhead Indirect materials 15,000 Indirect labor Other overhead costs Sales (received in cash) 23,000 119,500 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.