Check my work mode : This shows what is correct or incorrect for the work y nectmheducation.com/flow/connect.html inment Saved April 30 May 31 $ $43,00 10, 200 63,00 Check my work mode: This shows what is correct or incorrect for the work yol 52,eee 21,300 35,600 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 210,000 345,000 Required information 15,000 80,000 120,000 1,400,000 70 Answer is not complete. Work in Process (WIP April 30 April 30 RM purchases Raw Materials (RM) 43,000 210,000 15,000 Indirect materials DM used 230 000 DM used DL used Overhead applied May 31 0 May 31 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. Finished Goods (FG) Factory Overhead Apr 30 Cost of goods manul Indirect materials Indirect label Other Overhead costs Cost of goods Bold May 31 0 Underapplied OH 0 Raw Materials (RM) 43.000 April 30 RM purchases Answer is not complete. Work in Process (WIP) April 30 DM used DL used Overhead applied May 31 0 210.000 15,000 Indirect materials OM used May 31 238.000 Finished Goods G} Factory Overhead April 30 Inrecals Answer is not complete Income statement partie $ 1.400.000 Cost of goods sold Goss $ 1.400.000 4 5 6 7 of 7 !!! e 19 X lig