unsure if current numbers are even correct.

! Required information Use the following information to answer questions [The following information applies to the questions displayed below. 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 $27,000 9,800 62,000 42,000 18,200 34,700 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 184,000 250,000 14,000 57,500 91,500 1,000,000 55% Exercise 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 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. *Do not consider any underapplied or overapplied overhead. Work in Process (WIP) 9,800 Raw Materials (RM) 27,000 14,000 indirect materials 184,000 DM used April 30 April 30 RM purchases Cost of goods manuf. DM used DL used Overhead applied May 31 May 31 197,000 9,800 Factory Overhead Finished Goods (FG) Inventory April 30 62,000 Cost of goods sold Cost of goods manuf. Indirect materials Overhead applied Indirect labor Other overhead costs May 31 62,000 Underapplied OH 0