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complete the table with explanations of calculations for cost of goods manufactured, cost of goods sold, direct labor, ect. Required Information The following information applies
complete the table with explanations of calculations for cost of goods manufactured, cost of goods sold, direct labor, ect.
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 costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Insertoses Raw madera Rost Dance:: anashed goods Beginnang of period 549,000 9,200 53,000 End of Period $ $8.000 18,000 34,900 Cost curred or che per ed Rax materiais paschase $ 177,000 Factory payrols 300.000 Factory overhead actual Indirect material used 9,000 Indirect labores 69.000 Other Overhead con 201,000 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 2 4 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used 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 manufa 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 ap Raw Materials Inventory Beginning Beginning Beginning Work in Proc -U 1. in the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect matertais 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 trom part 1) direa 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 (trom part 3) Solve Tor 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 Complete this question by entering your answers in the tabs below. . Fequired 13 4 and 5 Required 2 1. In the Raw Materials Inventory T-account insert amounts for beginning and ending balances along with purchases and indirect matenals used. Solve for direct materials used in 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 cont of goods manufactured in the period. 4. In the Finished Goods Inventory 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. Show less Raw Materials Inventory Work in Process Inventory Seginning Beginning Beginning Beginning Ending Ending Ending Ending Finished Goods Inventory Factory Overhead Beginning Beginning Beginning Beginning 9,000 Ending Ending 69,000 101.000 179,000 Le 14 and Required 2 > [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 Raw materials Work in procesa Finished goods Beginning of period S 44,000 9,100 $1,000 End of Period $ 58,000 18,000 34,900 Cost incurred for the period Rax materials purchases $ 197,000 Factory payroll 200,000 Factory overhead (actual) indirect materials used 9,000 Indirect labor used 69,000 Other overhead costs 101,000 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 13 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
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