Compute the following amounts for the May using T-accounts

1) cost of direct materials used

2)cost of direct labor used

3) cost of goods manufactured

4) costs of goods sold

5) gross profit

6) overapplied or underapplied overhead

Drop Downs for first four tables are

-cost of goods manufactured

-cost of goods sold

-DL used

-DM used

-factory payroll

-gross profit

-indirect labor

-indirect materials

-other overhead costs

-overhead applied

-RM purchases

-sales

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 Raw materials Hork in process Finished goods $46,00039,000 20,900 33,200 9,400 67,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 188,000 250,000 Indirect materials Indirect labor Other overhead costs 16,000 57,500 114,000 1,800,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost Do not consider any underapplied or overapplied overhead. Finished Goods (FG) Accounts payable Accounts receivable Cash Cost of goods sold Net income Sales Income statement (partial)