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 42,000 41,000 9400 20,600 67000 33100 Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) 194,000 Factory payroll (paid with cash) 100,000 Factory overhead Indirect materials 14,000 indirect labor 23.000 Other overhead costs 100,500 Sales (received in cash) 1,000,000 Predetermined overhead rate based on directlabor cost 55% 7.50 points Compute the folowing 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