! 22:46 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 At 30 May 31 taventorte Rew material 145,000 37.000 Work in process 10,000 18,600 Yanished goods 59.000 34.100 Activities and Information for way Na materiale purchases paid with cah) 171.000 Factory (paid with a 100.000 Factory overhead Indirect materiale 3.000 Indirect labor 23,600 Other overhead coate 116,500 Balea received in canh) 1,000,000 Predetermined overhead rate based on direct labor cost 558 Payroll . Exercise 19-7 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. "Do not consider any underapplied or overapplled overhead Tuw Me (RM) Work in Process (W) Finished Goode F01 Factory Overhead Incomentaria