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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 Beginning of period End of Period Raw materials $ 33,000 $ 41,000 Work in process 9,700 Finished goods 69,000 18,600 33,000 Cost incurred for the period Raw materials purchases $ 178,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 16,000 Indirect labor used 46,000 Other overhead costs. 109,500 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 Journal entry worksheet A B C Record the raw material purchases for cash. > S < Prev 6 7 8 of 17 Next >
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