The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. May 31 $38,000 21,600 34,200 Inventories April 30 Raw materials $47,000 Work in process 10,800 Finished goods 56,000 Activities and information for May: Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 197,000 177,000 29,600 26,600 41,600 930,000 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