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a 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 $ 35,000 $ 49,000 Work in process 9,500 18,800 Finished goods 51,000 33, 100 Cost incurred for the period Raw materials purchases $ 193,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 7,000 Indirect labor used 46,000 Other overhead costs 101,000 Exercise 2-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 1. In the Raw Materials Inventory T-account, insen 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