The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. May 31 April 30 $32,000 9,700 59,000 $ 47.000 20,400 34,200 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Pactory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 150,000 17,000 34,500 94,500 1,000,000 558 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 Procos (WIP April 30 Raw Materials (RM) 32,000 17,000 indirect materials 173,000 141,000 DM used Work in Process (WIP) 3.700 141.000 Cost of goods manut RM purchases April 30 OM used OL used Overhead applied May 31 47,000 May 31 150,700 Finished Goods (FG) Inventory 59,000 Cost of goods sold Factory Overhead 17,000 Overhead applied April 30 Cost of goods manuf indirect materiais Indirect labor 34.500 Other overhead costs 94.500 May 31 59,000 funderapplied OH 146.000