Return to 1 Apr 30 May 31 $27,000 9,600 59,000 49.000 18,300 33,100 Part 1 of 4 Inventories Raw material Work in process Finished good Activities and information for May Raw materiale purchases (paid with cash) Factory payroll (paid with canh) Factory overhead Indirect materials Indirect labor other overhead coats Sales received in cooh) Dredetermined overhead rate based on direct labor cost 20 points 180,000 250,000 7.000 57.500 108,000 1.600,000 550 Exercise 15-7 Cost flows in a job order costing LO P1, P2, P3, P4 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 pront 6. Overapplied or underapplied overhead. Return to question Required information "Do not consider any underapplied or overapplied overhead April 30 RM purchases Raw Materials (RM) 27.000 7,000 Overhead applied 180,000 181.000 DM used Cost of goods Answer is not complete. Work in Process (WIP) April 30 9.500 478,675 RM purchases 181.000 DL used 192,500 Overhead applied 105.875 10.300 Blo 19,000 Finished Goods (FG) Inventory 9.000 474.575 April 30 Factory payrol Cost of goods sold Factory Overhead 7.000 105,875 57.500 478.075 Indirect materiale Indirect labor Other overhead costs Factory payrol 100.000 0.005 Cost of goods sold 13.100 0 Answer is complete but not entirely correct. Income statement (partial) Sales $ 1,600,000 Cost of goods sold 474,575 Gross profit $ 1,125,425