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 $ $ 48, eee 9,900 54, eee 47,eee 20,40e 34,600 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 Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 193, eee 150, eee 11,eee 34,5ee 94,000 1,609, een 55% Required information 6. Overapplied or underapplied overhead Do not consider any underapplied or overapplied overhead. Raw Materials (RM) Work in Process (WIP) Finished Goods FG) Inventory Factory Overhead