The following information is available for Lock-Tite Company, which products and uses a job order costing system. 15-7 Cost fnlows in a job order costing system April 30May 31 1 P2 P3 P4 $43,000 5000 0.200 21,300 63.000 35,600 Inventories Work in process Activities and information for May Raw materials purchases (paid with cash)..... . . Factory payroll (paid with cash)... Factory overhead 210,000 5,000 80,000 120,000 1,400,000 Indirect labor Predetermined overhead rate based on direct labor cost . Compute the following amounts for the month of May 1. Cost of direct materials used. 4. Cost of goods sold.* overapplied overhead. 2. Cost of direct labor used. 3. Cost of goods manufactured. *Do not consider any underapplied or 5. Gross profit. 6. Overapplied or underapplied overhead. (3) $625,400 se 15-8 Use information