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 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.
6. Overapplied or underapplied overhead.
*Do not consider any underapplied or overapplied overhead.
These are the accounts that are used t(that need to be filled in).
1. Raw Materials (RM)
2. Goods In Process (GIP)
3. Factory Payroll
4. Finished Goods (FG)
5. Factory Overhead
6. Income Statement (Partial)

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April 30 May 31 Inventories Raw materials Goods in process Finished goods S 43,000 S52,000 21,300 35,600 10,200 63,000 Activities and information for Ma Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 210,000 345,000 Indirect materials Indirect labor Other overhead costs 15,000 80,000 120,000 1,400,000 Sales (received in cash) Predetermined overhead rate based on direct labor cost 70%