CM 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 $36,000 $ 42,000 Work in process 9,200 20,700 Finished goods 59,000 33,400 Cost Incurred for the period Raw materials purchases $ 179.000 Factory payroll 100,000 Factory overhead actual) Indirect materials used 14,000 Indirect labor used 23,000 Other overhead costs 101,500 1. In the Row 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 Taccount, 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 laborused, other overhead costs, and applied overhead Solve for underapplied or overapplied overhead Next and 1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for 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 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 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 Work in Process Inventory beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. or 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 or 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 ect materials used, indirect labor used, other overhead costs, and applied overhead, Solve for underapplied or overapplied overhead Show less Raw Materials Inventory Beginning Beginning Ending Ending Finished Goods Inventory Beginning Beginning Ending Ending Work in Process Inventory Beginning Beginning 0 Ending Ending Factory Overhead Beginning Beginning 14 000 23,000 101,500 138,500
