The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 Maya $28,000 9,600 $1,000 44,000 19,400 34,000 Inventories Raw materiale Work in process Finished goods Activities and information for May Raw materiala purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead conta Sales (received in canh) Predetermined overhead rate based on direct labor cost 174,000 250,000 13,000 57.500 115,500 1.500.000 558 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. Work in Process (WIP) Raw Materials (RM) Overhead applied Ch 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) Overhead applied 0 Finished Goods (FG) Inventory Factory Overhead 0