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 Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials $32,000 9,500 64,000 59,000 19,700 33,300 181,000 200,000 6,000 Indirect 1abor 46,000 119,500 1,100,000 Other overhead costs Sales (received in cash) 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. Do not consider any underapplied or overapplied overhead. Work in Process (WIP) Raw Materials (RM) 9,500 April 30 April 30 32,000 RM purchases DM used 181,000 6,000 Indirect materials DL used DM used Overhead applied Cost of goods manuf. May 31 207,000 May 31 9,500 Finished Goods (FG) Factory Overhead Overhead applied April 30 Indirect materials 6,000 Cost of goods manuf. Indirect labor 46,000 Cost of goods sold Other overhead costs 119,500 May 31 0 Underapplied OH 171,500