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 $ 37,000 $ 39,000 Work in process 9,700 20,500 Finished goods 58,000 34,200 Activities and information for May Raw materials purchases (paid with cash) 196,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 8,000 Indirect labor 34,500 Other overhead costs 112,500 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct labor cost 55 % 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. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Direct labor usage. 2. Indirect labor usage. 3. Total payroll paid in cash.