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

Please make answers as clear as possible! Thanks

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 usesa job order costing system. April 30 May 31 Inventories Raw materials Work in process Finished goods $32,000 9,400 62,000 44,000 18,300 33,700 Activities and information for May s (paid with cash) Raw materials purchase Factory payroll (paid with cash) Factory overhead 170,000 200,000 Indirect materials Indirect labor Other overhead costs 16,000 46,000 114,500 1,800,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55% Do not consider any underapplied or overapplied overhead Raw Materials (RM) Work in Process (WIP) Finished Goods (FG) Factory Overhead 0 Income statement (partial)