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Required information [ The following information applies to the questions displayed below. ] The following information is avallable for Lock - Tite Company, which produces

Required information
[The following information applies to the questions displayed below.]
The following information is avallable for Lock-Tite Company, which produces special-order security products and uses a job order costing system.
\table[[Inventories,Apri130,May 31],[,],[Raw materials,$49,690,$,58,090],[Work in process,9,100,,20,700],[Finished goods,50,000,,33,000],[Activities and information for May],[Raw materials purchases (paid with cash),,,177,680],[Factory payroll (paid with cash),,,200,080],[Factory overhead],[Indirect materials,,,18,000],[Indirect labor,,,46,000],[other overhead costs,,,101,500],[Sales (received in cash),,,,600,000
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