Work in Process (WIP) P April 30 RM purchases Raw Materials (RM) 42,000 180.000 222.000 April 30 Finished Goods (FG) 63.000 28.100 Indirect materials Indirect labor Factory Overhead 10,000 34.500 Cost of goods sold Other overhead costs 93,500 34.900 126.000 May 31 Underapplied OH 138.000 Income statement (partial) $ 0 JOD Order Cosury system. April 30 May 31 $ $42.000 9,100 63,000 56,000 19,700 34,900 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 180,000 150,000 10,000 34,500 93,500 1,800,000 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