it Problems 6 Help The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 3e y 31 Inventories Raw materials Work in process Finished goods $35,00056,000 18, 300 33,500 9,600 60,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 183,000 250,000 Indirect materials Indirect labor other overhead costs 14,000 57, 500 113,000 1,800,00e Sales (received in cash) Predetermined overhead rate based on direct iabor cost 55%