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Required information Seved [The following information applies to the questions displayed below.) The following information is available for ADT Company, which produces special-order security
Required information Seved [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 $ 50,000 9,300 58,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) End of Period. $ 37,000 19,100 33,300 $ 178,000 100,000 Indirect materials used 14,000 Indirect labor used Other overhead costs 23,000 103,000 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet A B C Record the raw material purchases for cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit 8 < Prev 6 7 8 00 of 10 Next > Book H 1. Raw materials purchases for cash 2. Direct materials used 3. Indirect materials used. Prepare journal entries for the above transactions for the period. View transaction st Journal entry worksheet References < A C Record the direct materials used. Mr Transaction 2 General Journal Debit Cre Macord entry Clear entry points ABAS Used 14,000 Indirect labor used 23,000 Other overhead costs 103,000 eBook 0 14 10 Print 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet References
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