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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 Beginning of period End of Period $ 43,000 $ 38,000 9,200 19,000 52,000 33,000 Finished goods Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual). Indirect materials used Indirect labor used Other overhead costs $ 175,000 250,000 9,000 57,500 92,500 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
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