The following information is available for Lock-Safe Company, which produces special-order security products and uses a job order cost accounting system.

Compute the following amounts for the month of May.
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. Over applied or under applied overhead.
*Do not consider any underapplied or overapplied overhead.

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April 30 May 31 Inventories Raw materials Goods in process Finished goods $43,000 52,000 21,300 35,600 63.000 Activities and information for May Raw materials purchases (paid with cash) . 210,000 345,000 Factory overhead Indirect materials Indirect labor... Other overhead costs 15,000 80,000 20,000 1.400,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 70%