fine 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 End of Period period Raw materials $ 50,000 $ 45,000 Work in process 9,900 20,400 Finished goods 56,000 34,400 Cost Incurred for the period Raw materials purchases $ 194,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 8,000 Indirect labor used 57,500 Other overhead costs 112,000 Exercise 19-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 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. gured 134 Required ands 1. In the Raw Materials taventory account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the penod In the Work in Process Inventory account, insert amounts for beginning and ending balances along with direct materials used from part 1), direct labor used from part 2), and applied over Doods manufactured in the period 4. In the finished Goods Inventory account, insert amounts for beginning and ending listances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period under overapplied overhead) s. In the Factory Overhead account, insert amounts for indirect materials used indirect laborused, other overhead costs, and applied overhead, Solve for underapplied or overipplied overhead Wors in Procery Bering Beginning Beginning dines Raw Materials inventory 50 000 Beginning 194000 3.000 de Om Ending 2000 Endro Factory Overhead Tinished Goods inventory theid Deg Beginn 000 57 500 112.000 T500 Boing Ending Required 2 > 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with pl 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 (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in 4. In the Finished Goods Inventory T-account insert amounts for beginning and ending balances along with manufactured (from part 3), Solve for cost of goods sold in the period (do not consider any under-or overap 5. In the Factory Overhead T-account, insert amounts for indirect materials used indirect labor used, other applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 34 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
