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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 and
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 Beginning End of Inventories of period Period $ Raw materials $ 34,000 48,000 Work in 9,300 19,900 process Finished goods 69,000 33,100 Cost incurred for the period Raw materials $ purchases 175,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials 14,000 used Indirect labor 57,500 used Other overhead 118,000 costs. 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 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < A B C Record the direct materials used. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < A B C Record the indirect materials used. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry View general journal Clear entry >
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