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. 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 April 30 May 31 $25,000 $ 48,000 9,600 20,500 58,000 33,300 189,000 150,000 7,000 34,500 Other overhead costs 90,500 Sales (received in cash) 1,900,000 Predetermined overhead rate based on 55% direct labor cost