[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 Inventories Raw materials May 31 Work in process $37,000 9,700 $ 51,000 20,500 Finished goods 59,000 34,600 Activities and information for May Factory payroll (paid with cash) Raw materials purchases (paid with cash) 179,000 Factory overhead Indirect materials 250,000 9,000 Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 57,500 100,500 1,000,000 556 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. April 30 RM purchases May 31 April 30 Cost of goods manuf May 31 Raw Materials (RM) Work in Process (WIP) 37,000 179,000 ODM used April 30 OM used 9,700 Cost of goods manuf 9,000 Indirect materials DL used 192,500 207,000 Overhead applied May 31 105,875 308,075 Finished Goods (FG) Inventory Factory Overhead 59,000 Cost of goods sold Indirect materials. Indirect labor 9,000 Overhead applied 57,500 Other overhead costs 100,500 59,000 Underapplied OH 167,000