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. Raw Materials (RM Work in Process (WIP) Factory Payroll Finished Goods (FG) Factory Overhead 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. Raw Materials (RM Work in Process (WIP) Factory Payroll Finished Goods (FG) Factory Overhead