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-08 Sints Use the following information to answer questions [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security produc job order costing system eBook April 30 May 31 Hint $ $49,000 9,900 52,000 42,000 18,200 33,800 Print Inventories Raw material Work in process Finished good Activities and information for May Raw materials purchases (paid with cash) Factory payroll paid with canh Factory ovechend Indirect trials Indirect labor Other Overead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 195,000 250,000 12,000 57,500 114,000 1,500,000 558 Exercise 15-7 Cost flows in a job order costing system LO P1, P2, P3, P4 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. er 15-Graded Homework 6 Seved Help Save & CH NAT Required information "Do not consider any underapplied or overappoo overhead. April 30 RM purchases 28.000 195.000 12.000 indirect materials 190.00 TOM used April 30 OM used DL used Overhead applied Work in Processi 9.900 Cost of goods manus 190,000 192,500 106,016 44,300 Book 42.000 Hint entory Factory Overbond Print 0 Income statement (partiat) $

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