The following information is available for Lock-tite Company, which produces special-order security products and uses a job order costing system.

Required information Use the following information to answer questions 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. Inventorles Raw naterials Work in process Finisbed goods $44,000 49,000 20,300 34,400 9,400 61,000 Activities and infornation for Nay Raw materials parchases (paid with cash) Factory payroll (paid with cash) 188,000 300,000 Factory overhead Indirect naterials Indirect Labor Other overhesd cost 13,000 113,500 ,600,000 Sales (received in canh Predeterained overbead rate based on direct labor coat Exercise 2-7 Cost flows in a job order costing system LO P1, P2, P3, P4 Computo the following amounts for the month of May using T-accounts. K Prev 4 of 14 Next > 888 a 5 8 W E Check my wos Exercise 2-7 Cost flows in a job order costing system LO P1, P2, P3, P4 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 1. Cost of goods sold. 5. Gross profit. Do not consider any underapplied or overapplied overhead command option Help Save&Exit Submit Check my work Required information Finished Goods (FG) 8 5 06 command option