[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 $ $ 45,000 9,000 68,000 59,000 19,600 34,200 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 176,000 250,000 13,000 57,500 113,500 1,300,000 55% Compute the following amounts for the month of May using Taccounts 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 Work in Process (WIP) April 30 RM purchases Raw Materials (RM) 45,000 176,000 13,000 indirect materials DM used 208,000 May 31 Finished Goods (FG) Inventory Factory Overhead 0 Income statement (partial) $ 0