[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.

Required information [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 $28,000 41 ,000 Work in process 9, 200 20,600 Finished goods 67,000 34,000 Activities and information for May Raw materials purchases (paid with cash) 173 , 000 Factory payroll (paid with cash) 150 ,000 Factory overhead Indirect materials 13, 000 Indirect labor 34,500 Other overhead costs 96,500 Sales (received in cash) 1,700 , 000 Predetermined overhead rate based on direct labor cost 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 28.000 13,000 Indirect labor April 30 Cost of goods manuf. "RM purchases 173.000 DM used DM used DL used Overhead applied May 31 188.000 May 31 Finished Goods (FG) Factory Overhead April 30 Cost of goods Indirect Overhead sold materials applied Cost of goods manuf. Indirect labor Other overhead costs "May 31 Underapplied OH Income statement (partial Sales Cost of goods sold Gross profit 0