The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system. Inventories April 30 May 31 Raw materials $40,000 50,000 Goods in process 9,600 19,500 Finished goods 60,000 33,200 Activities and Information for May Raw materials purchases 189,000 Factory Payroll 400,000 Factory Overhead Indirect materials 12,000 Indirect labor 75,000 Other overhead costs 100,500 Sales (received in cash) 1,200,000 Predetermined overhead rate 65% Complete the following amounts for the month of May 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 Journal entries: Use the previous information to prepare journal entries for the following events. 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. 4. Factory payroll costs in cash. 5. Direct labor usage. 6. Indirect labor usage. 7. Factory overhead excluding indirect materials and indirect labor. 8. Application of overhead to goods in process