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Help!!!! 1. Cost of direct materials used 2 Cost of direct labor used. 3. Cost of goods manufactured 4. Cost of goods sold 5. Gross

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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 > Answer is not complete. Raw Materials (RM) 33.000 14.000 Work in Process (WIP 9.400 Cost of goods April 30 April 30 Indirect materials OM used RM purchases 172.000 DM used DL used Overhead applied 115.500 13,525 138.425 May 31 191.000 Finished Goods (fo) Inventory 57.000 Cost of goods sold April 30 Cost of goods manuf Overhead applied Factory Overio 14,000 63,525 34,500 SS Indirect matonals Indirect labor Other over med cons 109.000 May 31 57.000 03.075 X Answer is not complete. Income statement (partial) Sales $ 1,500,000 Cost of goods sold $ 1,500,000 The following information is available for Lock-Tite Company, which produces special-order security products and us Job order costing system. Inventories April 30 May 31 Raw materials $33,000 $ 52,000 Work in process 9,400 19,300 Finished goods 57,000 33,800 Activities and information for May Raw materials purchases (paid with cash) 172,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 14,000 Indirect labor 34,500 Other overhead costs 109,000 Sales (received in cash) 1,500,000 Predetermined overhead rate based on direct labor cost 55 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

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