[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 Inventories Raw materials 46,000 20,700 33,100 $46,000 9,500 63,000 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,e0e 200,000 9,000 46,000 115,500 1,800,e00 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 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. Work in Process (WIP) Raw Materials (RM) Cost of goods manuf April 30 9,500 9,000 Indirect materials April 30 46,000 DM used 167,000 167,000 DM used RM purchases 176,000 DL used 176,500 46,000 May 31 Finished Goods (FG) Inventory Factory Overhead 0 Income statement (partial) 0