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Part 2 of 4 87 oints Book Hint Print References Required information [The following information applies to the questions displayed below.) The following information
Part 2 of 4 87 oints Book Hint Print References 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 Raw materials Work in process Finished goods Beginning of period $ 46,000 9,000 54,000 Cost incurred for the period, End of Period $ 57,000 19,000 34,500 Raw materials purchases. $ 173,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 9,000 Indirect labor used 46,000 Other overhead costs 113,500 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period.
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