Use the following information to answer questions [The following information applies to the questions displayed belowj The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 36e May 31 Inventories Raw materials Work in process Finished goods $25,00 32,000 18,000 34,700 9,000 61,000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 192,000 200,000 Indirect materials Indirect labor Other overhead costs 17,000 46,000 104,000 1,800,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55%