compute the following amounts for the month of may 461011

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

April 30 May 31


Raw materials $ 37,000 $ 50,000

Goods in process 9,500 18,600

Finished goods 56,000 33,500

Activities and information for May

Raw materials purchases (paid with cash) 181,000

Factory payroll (paid with cash) 500,000

Factory overhead

Indirect materials 18,000

Indirect labor 82,000

Other overhead costs 94,000

Sales (received in cash) 1,600,000

Predetermined overhead rate based on direct labor cost 55 %

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Compute the following amounts for the month of May. (Input all amounts as positive values. Omit the “$” sign in your response.)

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. ?????????? $

*Do not consider any underapplied or overapplied overhead.


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