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 $ $ 36,000 9,100 63,000 57,000 19,600 34,700 Inventorles Raw materials Work in process Finished goods Activities and Information for May Raw materials purchases (pald with cash) Factory payroll (pald with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 200,000 9,000 46,000 104,000 1,800,000 55% Award: 3.00 points 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. Raw Materials (RM) 36,000 9,000 Indirect materials Work in Process (WIP) 91,000 April 30 April 30 Cost of goods manuf. 4. Cost of goods sold." 5. Gross profit. 6. Overapplied or underapplied overhead. *Do not consider any underapplied or overapplied overhead. Raw Materials (RM) 36,000 9,000 Indirect materials 173,000 143,000 DM used April 30 RM purchases Work in Process (WIP) 91,000 143,000 Cost of goods manuf. April 30 DM used DL used Overhead applied May 31 57,000 234,000 Finished Goods (FG) Factory Overhead Cost of goods sold Indirect materials Overhead applied April 30 Cost of goods manuf. Indirect labor Other overhead costs Income statement (partial) Sales Cost of goods sold Gross profit