Required information [The following information applies to the questions displayed below.) The following information is available...
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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 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 period $ 44,000 End of Period $ 39,000 9,800 69,000 18,600 33,400 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 198,000 150,000 Indirect materials used 6,000 Indirect labor used Other overhead costs 34,500 119,500 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet < A B Record the entry for direct labor used. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit 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 period $ 44,000 End of Period $ 39,000 9,800 69,000 18,600 33,400 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 198,000 150,000 Indirect materials used 6,000 Indirect labor used Other overhead costs 34,500 119,500 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet < A B Record the entry for direct labor used. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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