Please show calculations on how you obtained the answers for support.

Required information [The following information applies to the questions displayed below.] art 1 of 4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. 47 pints April 30 May 31 $ $ 47,000 10,000 62,000 35,000 20,400 33,400 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 192,000 150,000 12,000 34,500 97,500 1,400,000 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. *Do not consider any underapplied or overapplied overhead. Answer is not complete. Raw Materials (RM) Work in Process (WIP) April 30 47,000 12,000 Indirect materials April 30 10,000 Cost of goods manuf. RM purchases 192,000 192,000 DM used DM used DL used Overhead applied May 31 192,000 115,500 63,525 381,025 May 31 35,000 Finished Goods (FG) Inventory 0 62,000 Cost of goods Indirect materials Overhead applied sold Factory Overhead 12,000 63,525 34,500 April 30 Cost of goods manuf. Indirect labor Other overhead costs 97,500 May 31 | 62,000 Underapplied OH 80,475 X Answer is not complete. Income statement (partial) Sales $ 1,400,000 Cost of goods sold Gross profit $ 1,400,000