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. Beginning of Period $ 43,000 10,200 63,000 End of Period $ 52,000 21,300 35,600 Inventories Raw materials Work in process Finished goods Cost incurred for the period Raw materials purchases Factory payroll Indirect materials used Indirect labor used Other overhead costs $ 210,000 345,000 15,000 80,000 120,000 Factory overhead (actual) 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 this question by entering your answers in the tabs below. Required 13 4 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. Beginning Purchases Raw Materials Inventory 43,000 Beginning 210,000 188,000 Direct materials 15,000 Indirect materials Beginning Direct materials Direct labor Overhead applied Ending 52,000 Ending Ending Finished Goods Inventory Beginning Cost of goods manufactured 63,000 625,400 Beginning 652,800 Cost of goods sold Beginning Indirect materials Indirect labor Ending 35,600 Ending Other overhead Underapplied OH < Required 13 4 and 5 Work in Process Inventory 10,200 Beginning 188,000 265,000 625,400 Cost of goods manufactured 185,500 21,300 Ending Factory Overhead Required 2 > 15,000 80,000 120,000 29,500 Beginning 185,500 Overhead applied Show less A 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 $ 43,000 10,200 63,000 End of Period $ 52,000 21,300 35,600 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 210,000 345,000 15,000 Indirect materials used Indirect labor used Other overhead costs 80,000 120,000 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 this question by entering your answers in the tabs below. Required 13 4 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 labor used < Required 13 4 and 5 Required 2 >