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 Work in pro Finished goods $29,00044,000 19,400 34,000 9,500 53,000 cess Activities and information for May Raw materials purchases (paid with cash) Factory payrol1 (paid with cash) Factory overhead 180,000 150,000 Indirect materials Indirect labor Other overhead costs 9,000 34,500 94,000 1,300,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55%