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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
! 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 Raw materials Work in process Finished goods Beginning of End of Period period $ 30,000 $ 31,000 9,900 18,600 58,000 34,500 Cost incurred for the period Raw materials purchases $ 184,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 12,000 Indirect labor used 46,000 Other overhead costs 109,500 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, 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. 4. In the Finished Goods Inventory T-account, 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). 5. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 134 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 3. In the Work in Process Inventory T-account, 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. 4. In the Finished Goods Inventory T-account, 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). 5. 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. Show less Raw Materials Inventory Work in Process Inventory 9,900 Beginning 30,000 Beginning Beginning Beginning Cost of goods manufactured Purchases 184,000 12.000 Indirect materials Direct materials 183,000 183,000 Direct materials Direct labor 154,000 Overhead applied Ending 19,000 Ending Ending 346,900 Ending Finished Goods Inventory Factory Overhead Beginning Beginning Beginning Cost of goods manufactured > Beginning Cost of goods sold 12,000 46,000 Ending 0 Ending 109,500 167,500
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