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 Inventories Raw materials $41,000 48,000 Work in process 9,200 18,600 Finished goods 54,000 34,200 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials 181,000. 250,000 7,000 Indirect labor 57,500 Other overhead costs. 99,000 Sales (received in cash) 1,100,000 Predetermined overhead rate based on direct labor cost 55%