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1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). 3. Incurred other actual overhead costs (all
1. Direct labor used (recorded as factory wages payable).
2. Indirect labor used (recorded as factory wages payable).
3. Incurred other actual overhead costs (all paid in Cash).
4. Applied overhead to work in process.
Prepare journal entries for the above transactions for the period FOR 1-4.
Required Information [The following information applies to the questions displayed below. The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 70% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of Period End of Period $ 43,898 $ 52,090 10,209 21,300 63,898 35,689 Cost incurred for the period Raw materials purchases $ 210,000 Factory payroll 345, Bee Factory overhead (actual) Indirect materials used 15, eee Indirect labor used 80,980 Other overhead costs 120,000 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet Record the entry for direct labor used. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalStep by Step Solution
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