Drop Bar options:

Cost of goods manuf.

Cost of goods sold

DL used

DM used

Factory payroll

FG - April 30

FG - May 31

Gross profit

Indirect labor

Indirect materials

Other overhead costs

Overhead applied

RM - April 30

RM purchases

RM- May 31

Sales

WIP - April 30

WIP - May 31

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 Work in process Finished goods $ 31,000 $ 49,000 19,800 34,200 9,500 60,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 191,000 330,000 Indirect materials Indirect labor Other overhead costs 13,000 89,000 105,500 1,100,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55%