Chapter 15 - Job Order G Saved Help Save & Exit Submit Check my work 2 Required information The following information applies to the questions displayed below.J The following information is available for Lock-Tite Company, which produces special-order security products and uses Part 1 of4 a job order costing system. 10 points April 30 May 31 Inventoriee Ra materials Work in process Pinished goods $27,000 56, 000 18,600 34 800 eBook 9,600 65,000 Hint Activities and information for May Raw materials purchases (paid with cash) Factory payrol1 (paid with cash) Factory overhead 178,000 200,000 Print References Indirect materials Indirect labor Other overhead coets 6,000 46,000 95,000 1,100,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 55a Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used. 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. Raw Materials (RM) Work in Process (WIP) April 30 27,000 6,000 Indirect materials DM used RM purchases 178,000 May 31 199,000 Finished Goods (FG) Factory Overhead