The following information is available for Lock-Down Company, which produces special-order security products and uses a job order cost accounting system. April 30 May 31 Inventories 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 (paid with cash) . . . . . . . . . . . . . . . . . . . . . . 189,000 Factory payroll (paid with cash) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 based on direct labor cost . . . . . . . . . . 65% Compute the following amounts for the month of May. 1. Cost of direct materials used. 4. Cost of goods sold.* 2. Cost of direct labor used. 5. Gross profit. 3. Cost of goods manufactured. 6. Overapplied or underapplied overhead. *Do not consider any underapplied or overapplied overhead. Check (3) $693,350