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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
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 $ 26,000 9,800 67,000 Cost incurred for the period Raw material purchases Factory payoll Factory overhead (actual) Indirect materials used Indirect labor used i Other overhead costs. End of Period $ 45,000 20,800 33,000 $ 190,000 250,000 8,000 57,500 101,000 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 Complete this question by entering your answers in the tabs below. 1. In the Raw Materials bnventory Taccount, insert amounts for beginning and ending balances along with purchases and indirect materials used Soive for direct materials used in the period 3. In the Work in Process Inventory Taccount, insert amounts for beginning and ending balances along with direct materials used (from part 11, direct labor used from part 2), and applied overhead. Selve 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 pert 3). Selve hir 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 leber used, other overhead costs, and applied overhead Solve for underapped or oversold overhead Segning Benning Ending Ending Endra Exting Finished Goods or Factory Overhe eginning Ending Ending Required 3> 000 $7.500 101.000 160 500 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 134 Required 2 and 5 Compute the cost of direct labor used for the period. The cost of direct labor for the periodi Cost of direct labor used
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