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Use the following information to answer questions 7-11 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 30 May 31 riventories Raw materials 5 35 000 5 45.000 Work in process 9 200 19,300 Finished goods 56.000 33,800 Activities and Information for May Raw materials purchases (pald with cash) 174,000 Factory payroll (paid with cash) 330.000 Factory overhead Indirect materials 16.000 Indirect labor 65.000 Other overhead costs 98,500 Sales (received in cash) 1,400.000 Predetermined overhead rate based on direct labor cost 55% Lli points Exercise 2-7 Cost flows in a job order costing system LO P1. P2. P3. P4 compute the all 3. Gost of goods manufactured Al Cost of goods sold Todo not consider any underripp led or overa Raw Mater HIM -April 30 Fo purchases 174 006 loss of goods manuJournal entry worksheet