PLEASE HELP!! And explain, I do not understand this.

Thank you!!

! 6 Required information [The following information applies to the questions displayed below.] Part 1 of 2 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 3 points $ $34,000 9,400 51,000 35,000 20,700 33,400 Inventories Raw materials Work in process Finished goods 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 197,000 200,000 11,000 46,000 101,000 1,400,000 558 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. Compute the following amounts for the month of May using T-accounts. 6 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. Part 1 of 2 *Do not consider any underapplied or overapplied overhead. 3 points Raw Materials (RM) Work in Process (WIP) Finished Goods (FG) Inventory Factory Overhead