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 $ $ 25,000 10,000 59,800 41,000 18,600 34,700 Inventories Rane materials Work in process Finished goods Activities and Information for May Ro 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 186,000 250,000 12,000 57,500 113,000 1,300,000 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. Gtoss proft 6. Overapplied or underapplied overhead. Do not consider any underapplied or overapplied overhead