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please help asap! The following information is available for ADT Company, which produces special order security products and uses a job order costing system. Overhead
please help asap!
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 $ 45,000 9,100 65,000 End of Period $ 40,000 20,900 33,500 Cost incurred for the period Raw materials purchases $ 180,000 Factory payroli 100,000 Factory overhead (actual) Indirect materials used 10,000 Indirect labor used 23,000 Other overhead costs 109,000 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 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 Step by Step Solution
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