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 $ $43,000 9,58 59,000 56,000 20,990 34,500 195,000 200,000 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 Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 11,000 46,000 107,500 1,800,000 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, tafrende at 252Fonline.epoced/K252Fwebapp252Fblackboard 25 Check my work Required information 6. Overapplied or underapplied overhead "Do not consider any underapplied or overapplied overhead. Work in Process (WP) 11.000 April 30 Raw Materials (RM) 43,000 195 000 OM used 11.000 Indirect materials RM purchases April 30 OM used Overhead applied Cost of goods manual May 31 227,000 May 31 11.000 Finished Goods (FG) Inventory Factory Overhead Indirect materials Overhead applied April 30 Cost of goods manut Cost of goods sold Indirect labor Other overhead costs May 31 Underapplied OH 400 ENG a 19) O ch hp