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 $ $43,000 9,100 54,000 37,000 18,400 34,800 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 180,000 200,000 8,000 46,000 103,500 2,000,000 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. April 30 RM purchases Raw Materials (RM) 43,000 ndirect materials 180,000 208,000 (DM used May 31 7,000 Finished Goods (FG) Work in Process (WIP) 9,100 Cost of goods manuf. 208,000 April 30 DM used DL used Overhead applied May 31 217,100 Factory Overhead Income statement (partial)