h owing informativ e , which M Raw materials A 30 545.000 SO 14.00 174.000 500.000 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 7.000 75.000 117.000 1,200.000 55% Problem 4: Compute the following amounts for the month of May. (Input all amounts as positive values. Omit the "S" sign in your response.) 1. Direct materials used 2. Direct labor used 3. Cost of goods manufactured 4. Cost of goods sold 5. Gross profit Over/Under applied overhead em 5: the journal entries dated May 31 to record the following May activities: (a) raw materials es for cash, (b) direct material usage, (c) indirect material usage, (d) factory payroll costs e) direct labor usage, (1) indirect labor usage, (g) Factory overhead excluding indirect and indirect labor (record credit Other Accounts), (h) application of overhead to goods (0) Allocation (closing) of overapplied or underapplied overhead to Cost of Goods