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Please help Required information [The following information applies to the questions dispiayed below] The following information is available for ADT Company, which produces specialorder security
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Required information [The following information applies to the questions dispiayed below] The following information is available for ADT Company, which produces specialorder security products and uses ajob order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Beginning of Inventories . End of Period period Raw materials $ 35,666 5 48,666 I|.~.lork in process 9,766 18,666 Finished goods 59,666 34,966 Cost incurred for the period Raw materials purchases 5 195,666 Factory payroll 266,666 Factory overhead (actual) Indirect materials used 15,666 Indirect labor used 46,666 Other overhead costs 166, 566 IAIN . In the Raw Materials Inventory Taccount, insert amounts for beginning and ending balances aiong with purchases and indirect materials used. Solve for direct materials used in the period. . Compute the cost of direct labor used for the period. . In the Work in Process Inventory Taccount, 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. . In the Finished Goods Inventory Taccount, 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}. . 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. Reg red 1 3 4 . and 5 Requlred 2 1. In the Raw Materials Inventory T-acoount, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for dire materials used in the period. 3. In the Work in Process Inventory T-acoount, insert amounts for beginning and ending balances along with direct maten'als 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 Tiaocount, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for east of goods sold in the period (do not consider any under? or overapplied overhead). 5. In the Factory Overhead Tiaoouunt, insert amounts for indirect materials used, indirect labor used, other overhead cools, and applied overhead. Solve for undempplied or overapplied overhead. Show lsA - _ iigginning iigginning _ ions- Complete this question by entering your answers in the labs below. Required 1 3 4 and 5 Reqmred 2 Compute the cost of direct labor used for the period. Cost of direct labor used _ ( Required 1 3- 4 and 5Step by Step Solution
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