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 Beginning of period $27,000 Raw materials Work in process Finished goods Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used 9,500 60,000 Cost incurred for the period Indirect labor used Other overhead costs End of Period $ 45,000 18,400 33,800 $ 195,000 150,000 8,000 34,500 97,500 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 View journal entry worksheet No Transaction General Journal Debit Credit A 1 Raw materials inventory Cash 198,000 B 2 Work in process inventory Raw materials inventory C 3 Factory overhead 8,000 Raw materials inventory 8,000