3 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 55% of direct labor cost. Inventories Raw materials Beginning of period End of Period $ 41,000 $ 52,000 Work in process 9,100 Finished goods 58,000 18,200 33,900 Cost incurred for the period Raw materials purchases $ 181,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 8,000 Indirect labor used. 57,500 Other overhead costs 106,500 ces Exercise 15-14 (Algo) Recording direct and indirect labor LO P2, P3 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.