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#7 Newd help fixing [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security
#7 Newd help fixing
[The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security produets 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 $ 43,000 $ 52,000 10,200 21,300 63,000 35,600 Cost incurred for the period Raw materials purchases $ 210,000 Factory payroll 345,000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 80,000 Other overhead costs 120,000 . Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. X Answer is complete but not entirely correct. No Transaction General Journal Debit Credit A 1 Factory overhead 120,000 Cash 120,000 B 2 345,000 Work in process inventory Factory overhead 345,000
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