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Afternoon, Can you look over this practice question and show me how the step to solving so I can learn. The following Information is available
Afternoon,
Can you look over this practice question and show me how the step to solving so I can learn.
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 $ 43,880 1e, 280 63,880 End of Period $ 52,000 21,3ee 35,6ee Cost incurred for the period Raw materials purchases $ 210,eee Factory payroli 345, eee Factory overhead (actual) Indirect materials used 15, eee Indirect labor used 80,000 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 Met A Record the entry for direct labor used. B Record the entry for indirect labor used. Credit Note : = journal entry has been entered Record entry Clear entry View general Journal
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