Check ! Required information Use the following information to answer questions [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 $31,000 $ 44,000 Work in process 9,300 20,700 Finished goods 59,000 33,400 Activities and information for May Raw materials purchases (paid with cash) 177,000 Factory payroll (paid with cash) 200,000 Factory overhead Indirect materials 10,000 Indirect labor 46,000 Other overhead costs 110,500 Sales (received in cash) 1,100,000 Predetermined overhead rate based on direct labor cost 558 Exercise 15-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of Mav lising T-accounts "Do not consider any underapplied or overapplied overhead. April 30 Raw Materials (RM) 31,000 177,000 Work in Process (WIP) 9,300 RM purchases April 30 DM used OL used Overhead applied May 31 208,000 1,100,000 1,109,300 Finished Goods (FG) Inventory 59,000 Cost of goods sold Factory Overhead April 30 Indirect materials Cost of goods manut Indirect labor Other overhead costs (May 31 59,000 Underapplied OH