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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. Inventories Raw materials Work in process Beginning of period $ 28,000 9,800 51,000 End of Period $ 37,000 19,300 34,200 Finished goods Cost incurred for the period Raw materials purchases $172,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 7,000 Indirect labor used 34,500 Other overhead costs. 115,500 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet < A B C Record the raw material purchases for cash. View transaction list A Record the raw material purchases for cash. B Record the direct materials used. C Record the indirect materials used. Note: Record entry journal entry has been entered Credit Clear entry View general journal
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