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 70% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of Period End of Period $ 43,000 $ 52,000 10, 200 21,300 63,000 35,600 Cost incurred for the period Raw materials purchases $ 210,000 Factory payroll 345,000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 80,000 Other overhead costs 120,000 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. Complete the westion by entering your answers in the tabs below. Required 134 and 5 Required 2 1. In the law Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for drect materials used in the period 3. In the Work in Process Inventory count, insert amounts for beginning and ending balances along with direct materials used from part 1), direct laborused (from part 2, and applied overtad. Selve cont of goods manufactured in the period. 4. In the finished Goods Inventory 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 end any under or overapplied overhead). 5. In the Factory Overhead Traccount, the amounts for indirect materials used, indirect laborused, other overhead costs, and applied overhead Solve for underappled or overapplied overhead Raw Materials inventory Work in Processary Bening Beginning Den Endid Ending Ed Finished Goods inventory cleging Factory Over De Being 15.000 00.000 120 00 25.000 Thi | Required 2 > 2 Indirect materials used Indirect labor used other overhead costs 15,000 0,000 120,000 1.25 Wipped 1. In the Row 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 Hint Complete this question by entering your answers in the tabs below. ol Required 134 and 5 Required 2 Compute the cost of direct labor used for the period, The cost of direct labor for the period Cost of direct bor used
