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 Raw materials $41,000 48,000 19,280 33,400 9,700 $1,000 Finished goods Activities and information for May aterials purchas Factory payroll (paid with cash) Factory overhead 195,000 300,000 Indirect materials Indirect labor 14,000 69,000 117,000 1,400,000 Sales Predetereined overhead rate based on direct labor cost 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. Overapplled or underapplied overhead c Prey 67 f7 BEE Next> Help Save & E 6 Part 1 of 2