Q6. ADT Company

Prepare Journal entries for the above transactions for the period. View transaction list View journal entry worksheet Raw materials inventory Accounts payable Work in process inventory Raw materials inventory Factory overhead - Raw materials inventory 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 $ 50, 900 $ 47,900 Work in process 9, 400 20, 790 Finished goods 54, 000 33 , 500 Cost incurred for the period Raw materials purchases $ 173, 000 Factory payroll 150, 090 Factory overhead (actual) Indirect materials used 11, 090 Indirect labor used 34, 500 Other overhead costs 113, 090