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Prepare journal entries for 1. RAW MATERIALS PURCHASED FOR CASH2. DIRECT MATERIALS USED3. INDIRECT MATERIALS USED Required information [The following information applies to the questions

Prepare journal entries for 1. RAW MATERIALS PURCHASED FOR CASH2. DIRECT MATERIALS USED3. INDIRECT MATERIALS USED

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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 $ 39, 000 $ 37, 000 Work in process 10, 000 19, 100 Finished goods 66, 000 34, 500 Cost incurred for the period Raw materials purchases $ 184, 000 Factory payroll 250, 000 Factory overhead (actual) Indirect materials used 16, 000 Indirect labor used 57, 500 Other overhead costs 110, 000 1. Raw materials purchases for cash. 2. Direct materials used. 3 Indirect materials used

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