T accounts

Inventories Raw materials $ 32, 000 $ 53, 000 Work in process 9, 100 20, 500 Finished goods 64, 000 33, 500 Activities and information for May it 1 of 4 Raw materials purchases (paid with cash) 187,000 Factory payroll (paid with cash) 300, 000 Factory overhead Indirect materials 13, 090 Indirect labor 69,000 Ints Other overhead costs 110,500 Sales (received in cash) 1, 600, 000 Predetermined overhead rate based on direct labor cost 55% 01:10:49 eBook Compute the following amounts for the month of May using T-accounts References 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. onlied overhead