The following information is available for Lock-Tite Company, which produces special-order security products and usesa job order costing system April 30 May 31 Inventories Raw materials Work in process Finished goods $43,000 9,700 53,000 42,000 18,700 33,800 Activities and information for May Raw materials purchases (paid with cash) Factory payrol1 (paid with cash) Factory overhead 189,000 250,000 Indirect materials Indirect labor Other overhead costs 10,000 57,500 110,500 1,600,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55% 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