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 job order costing system. April 30 May 31 $ $32,000 9,000 56,000 42,000 20,100 33,700 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 171,000 200,000 12,000 46,000 115. See 1,900,000 55% mpute the following amounts for the month of May using T-accounts. 4 2 3 PM of 7 Next > 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. Raw Materials (RM) Work in Process (W Finished Goods (FG) Inventory Factory Overhead 1 2 3 4 of 7 Next este medication.com/ext/map/index.html?conaconexternal browser=0&launch Ur-http%253A%252F%252Fims.mheducation.com%252Fmghmiddleware%2... er 15 Required Homework Svo Help Save & Exht Submit Check my work 1 Required information Raw Materials (RM) Work in Process (WP) 1 of 4 Book Finished Goods (FG) Inventory Factory Overhead Prey 1 2 3 4 of 7 Next > de AM nts Income statement (partial) eBook Hint Print References