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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 cosung system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. 9,880 Inventories Beginning of End of Period period Raw materials 5 41,000 $ 55,000 Work in process 19,400 Finished goods 54,600 33,000 cost incurred for the period Raw materials purchases $ 192, eee Factory payroll 15e,eee Factory overhead (actual) Indirect materials used 13, eee Indirect laborated 34,500 other overhead costs 107,5 1. In the Raw Materials inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used Solve for direct materials used in the period 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part direct labor used from part 2), and applied overhead Solve for cost of goods manufactured in the period 4. In the finished Goods inventory T-account, insert amounts for beginning and ending balonces along with cost of goods manufactured from part 3). Solve for cost of goods sold in the period (do not consider any under or overopplied overhead) 5. In the Factory Overhead Taccount insert amounts for indirect materials used. Indirect laborused, other overhead costs, and applied overhead Solve for underapplied or overapplied overhead Complete this question by entering your answers in the tabs below. Required 124 and Required 2 1. in the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the perce 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct matenals used (from part 1), direct laboruned from part 2) and applied goods manufactured in the penod. 4. In the finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the per under or overapplied overhead). 5. In the factory Overhead T-account, insert amounts for indirect materials used indirect laborused, other overhead costs, and upphed overhead. Sovet for underapplied or overoplied over Raw Materials inventory Work in Process Inverter Elegiening Begioning Beginning Raw Materials inventory Work in Process Inventory Beginning Beginning Beginning Beginning Ending Ending Ending Ending Finished Goods inventory Factory Overhead Beginning Beginning Beginning tegning 13,000 34.500 107.500 Ending tinding 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 Work in process Finished goods Beginning of End of Period period $ 41,000 $ 55,eee 9,800 19,48 54, 33,eee cost incurred for the period Raw materials purchases $ 192,000 Factory payroli 150,00 Factory overhead (actual) Indirect materials used 13, eee Indirect labor used 34,580 other overhead costs 187, see 1. In the Raw Materials inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period 2. Compute the cost of direct labor used for the period. 3. In the Work In Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the finished Goods Inventory T-account. Insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3) Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead) 5. In the Factory Overhead T-account, insert amounts for indirect materials used, Indirect labor used, other overhead costs, and applied overhead, Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 3 4 and 5 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct labor used Required 134 and 6
