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Answer questions and write journal entries [The following information applies to the questions displayed below] The following information is available for ADT Company, which produces

Answer questions and write journal entries

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[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 55% of direct labor cost. Inventories Beginning of period End of Period Raw materials $ 30,000 $ 40,000 Work in process 10,000 20,400 Finished goods 53, 000 33, 100 Cost incurred for the period Raw materials purchases $ 195 , 900 Factory payroll 150,900 Factory overhead (actual) Indirect materials used 9 ,900 direct labor used 34, 500 Other overhead costs 98 ,500 1. 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

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