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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: End of Period $ 35,000 5.44,000 9,200 19,400 59,000 34,400 Cost incurred for the period Rav materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $172,000 150,000 8,000 34,500 110,500 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 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 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), ar 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 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 overa Beginning Ending Beginning Ending Raw Materials Inventory Beginning Beginning Work in Process Inventory Beginning Ending Ending Ending Finished Goods Inventory Factory Overhead Beginning Beginning Beginning 8.000 34.500 0 Ending 110,500 153,000 Required 2>
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