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[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 5 $ 29,000 9,200 65,000 45,000 19,100 34,400 187,000 200,000 Inventories Raw materials Work in process Finished goods Activities and Information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 7,000 46,000 107.000 1.200,000 55% Exercise 15-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of May using Taccounts Required information "Do not consider any underapplied or overapplied overhead Work in Process (WIP) April 30 RM purchases Raw Materials (RM) 29.000 7,000 indirect materials 187.000 164 000 OM used May 31 45 000 Finished Goods (FG) Inventory Factory Overhead 7,000 Indirect materials Overhead applied Indirect labor 46,000 Other overhead costs 107.000 160.000 Income statement (partial) $ 0