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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 $ 39,000 $ 49,000 9,500 20,300 66,000 34,600 Finished goods Cost incurred for the period Raw materials purchases $174,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 8,000 Indirect labor used 46,000 Other overhead costs 115,000 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. View transaction list 9 < Prev 3 of 7 Next >
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