Help Save & Exit Check n Required information 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 April 30May 31 Iaventories Raw materials Work in process Tinished goods Activities and information for May Rav materiala purchases (paid with casb) Tactory payroll (paid with eash) Factory overhead Indirect naterials Indireet labor Other overhead costs Sales (received in cash) Predeternined overhead rate based on direet labor eost $43,00052,000 10,200 63, 000 21,300 35,600 210,000 45,000 15,000 80, 000 120,000 1, 400,000 Comoute the following amounts for the month of Mav usina T-accounts 3 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. S. Gross profit 6. Overapplied or underapplied overhead. Do not consider any underapplied or overapplied overhead. W P 0 command opition option command Help Save & ExitSubmit Check my work Required information