I have some of the information, but am struggling and need guidance please.
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. Inventories Beginning of End of Period period Raw materials $ 28, 909 1 46, 909 Work in process 9,809 20, 190 Finished goods 58,909 33, 190 Cost incurred for the period Raw materials purchases $ 192, 080 Factory payroll 250, 980 Factory overhead (actual) Indirect materials used 18, 090 Indirect labor used 57,580 Other overhead costs 118, 090 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 3 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 materials 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 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. Show less AComplete this question by entering your answers in the tabs below. Required 1 3 4 Required 2 and 5 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. 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. Show less A Raw Materials Inventory Work in Process Inventory 28,000 10,000 Beginning Beginning Beginning Beginning Purchases 192.000 Ending 210,000 Ending Ending Ending Finished Goods Inventory Factory Overhead Beginning Beginning Beginning Beginning 10,000 67.500 Ending Ending 118,000 185.500Complete this question by entering your answers in the tabs below. Required 1 3 4 Required 2 and 5 Compute the cost of direct labor used for the period. The cost of direct labor for the period Total factory payroll 150,000 Less indirect labor used (34.500) Cost of direct labor used 115,5001. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet A B C Record the raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalA Record the raw material purchases for cash. B Record the direct materials used. C Record the indirect materials used.1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet A B > Record the entry for direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalA Record the entry for direct labor used. B Record the entry for indirect labor used.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. View transaction list Journal entry worksheet B Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalA Record the entry for other actual overhead costs incurred (all paid in Cash). B Record the entry to apply overhead to work in process
