April 30 May 31     Inventories                Raw materials $ 43,000   $ 52,000        Goods in process   10,200     21,300        Finished goods   63,000     35,600     Activities and information for May                Raw materials purchases (paid with cash)       210,000        Factory payroll (paid with cash)       345,000        Factory overhead                   Indirect materials       15,000           Indirect labor       80,000           Other overhead costs       120,000        Sales (received in cash)       1,400,000        Predetermined overhead rate based on direct labor cost       70 %

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