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 10 May 31 $ $29,000 9,300 64,000 58,000 19,000 33,300 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 costa Sales (received in cash) predetermined overhead rate based on direct labor cost 192,000 200,000 12,000 46,000 96,500 1,900,000 558 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. Overapplied or underapplied overhead. "Do not consider any underapplied or overapplied overhead. Raw Materiale (RM) Work in Process (WIP) Finished Goods (FG) Inventory Factory Overhead Income statement (partial) Journal entry worksheet