! Required information [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 $ $ 42,000 9,100 36,000 19,400 34,400 63,000 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 171,000 100,000 12,000 23,000 115,000 1,900,000 55% *Do not consider any underapplied or overapplied overhead. Raw Materials (RM) Work in Process (WIP) April 30 April 30 0 0 May 31 Finished Goods (FG) Inventory Factory Overhead 0 Income statement (partial) $ 0