The following Information is avallable for Lock-Tite Company, which produces speclal-order security products and uses a job order costing system Apri1 38 May 31 Inventories Raw material $46,889 39,800 9,589 64,000 Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect naterials 18,388 33,189 186,690 ee,b9 15,808 23,090 92,508 1,18e,088 Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost Exerclse 15-7 Cost flows In a job order costing system LO P1, P2, P3, P4 Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materlals used. 2 Cost of direct labor used. 3. Cost of goods manufactured. 4. Cost of goods sold. 5. Gross profit. 6. Overappled or underapplied overhead. Do not conslder any underapplied or overappled overhead. Raw Materials (RM) Factory Overhead Finished Goods (FG)