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Required information Skip to question [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order
Required information
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[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 period | End of Period |
---|---|---|
Raw materials | $ 38,000 | $ 48,000 |
Work in process | 9,400 | 18,400 |
Finished goods | 62,000 | 34,100 |
Cost incurred for the period | |
Raw materials purchases | $ 176,000 |
---|---|
Factory payroll | 200,000 |
Factory overhead (actual) | |
Indirect materials used | 10,000 |
Indirect labor used | 46,000 |
Other overhead costs | 119,500 |
1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period.
Record the raw material purchases for cash.
Note: Enter debits before credits.
|
Record the direct materials used.
Note: Enter debits before credits.
|
Record the indirect materials used.
Note: Enter debits before credits.
|
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