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 Hay 31 April 30 $ 29,000 9.00 69,00 5 50,000 20,000 33.000 170,000 300.000 Inventories Waterials Work in process Finished goods Activities and Information for May materials purchases (paid with cash Factory payroll (paid with cash) Factory overhead Indirect materials Yndirect labor Other overhead costs Sales (received in cash) predetermined overhead rate based on direct labor cost 18.000 69.000 102,000 1.900.000 Compute the following amounts for the month of May using Taccounts 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 Raw Materials (RM) Work in Process (WIP) Finished Goods (FG) Inventory Factory Overhead