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 $ $50,000 9,300 62,000 54,000 19,400 34,800 Inventories Raw materials Work in process Finished goods Activities and information for May Mane 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 183,000 200,000 12.000 46,000 115,00 1,100,000 555 Compute the following amounts for the month of May using Taccounts 1. Cost of direct materials used 2. Cost of direct laborused 3. Cost of goods manufactured 4. Cost of goods sold 5. Gross profit 6. Overapplied or under apolled overhead Raw Materials (RM) Work in Process (WIP) Finished Goods (FG) Inventory Factory Overhead Income statement partial)