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Need help fixing please . [The following information applies to the questions displayed below.) The following information is available for ADT Company, which produces special-order
Need help fixing please .
[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 70% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of Period End of Period $ 43,000 $ 52,000 10,200 21,300 63,000 35,600 Cost incurred for the period materials purchases $ 210,000 Factory payroll 345,000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 80,000 Other overhead costs 120,000 Exercise 2-13 (Static) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. Answer is complete but not entirely correct. No Transaction General Journal Debit Credit A 1 Raw materials inventory Accounts payable 210,000 210,000 B 201,000 Work in process inventory Raw materials inventory 201,000 3 Factory overhead 15,000 Raw materials inventory 15,000
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