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Required Information [The following information applies to the questions displayed below.] 4. 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 $ $ 43,899 10,200 63,898 52,080 21,3ee 35, 68e Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory overhead Arveyroll (paid with cash) Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210, eee 345, eee 15, eee 80, eee 120, eee 1,40e, see 70% 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. Answer is not complete. Work in Process (WIP) 10,200 Cost of goods manuf. April 30 RM purchases April 30 DL used Raw Materials (RM) 43.000 210,000 15,000 indirect materials 147,000 X DM used 91,000 DM used 238,000 X Cost of goods sold X Overhead applied May 31 May 31 248,200 Finished Goods (FG) Inventory 63.000 Factory Overhead 15,000 April 30 Indirect materials Indirect labor Cost of goods manuf. 80,000 Other overhead costs 120,000 May 31 63.000 215,000

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