[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 Work in process Finished goods 44,000 $ 43,000 19,400 34,100 9,700 62,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 175,000 300,000 Indirect materials Indirect labor Other overhead costs 11,000 85,000 111,000 1,600,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55%