[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	$	41,000			$	31,000
Work in process		9,200				19,800
Finished goods		65,000				33,900
Activities and information for May
Raw materials purchases (paid with cash)						177,000
Factory payroll (paid with cash)						150,000
Factory overhead
Indirect materials						12,000
Indirect labor						34,500
Other overhead costs						104,500
Sales (received in cash)						1,800,000
Predetermined overhead rate based on direct labor cost						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.

Raw Materials (RM) Work in Process (WIP) April 30 RM purchases 41,000 177,000 12,000 Indirect materials M used April 30 L used M used 9,200 206,000 9,200 Finished Goods (FG) Factory Overhead Income statement (partial)