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 $ 28,000 10,000 54,000 Cost incurred for the period Factory overhead (actual) End of Period $ 52,000 19,400 34,000 Raw materials purchases $ 197,000 Factory payroll 250,000 Indirect materials used 7,000 57,500 108,000 Indirect labor used Other overhead costs 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 Record entry Clear entry View general journal 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 $ 28,000 10,000 54,000 End of Period $ 52,000 19,400 34,000 Indirect materials used Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect labor used Other overhead costs $ 197,000 250,000 7,000 57,500 108,000 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 indirect labor used. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal