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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 $ 43,000 End of Period $ 38,000 9,300 58,000 18,500 34,900 Cost incurred for the period Raw materials purchases Factory payroll $ 173,000 100,000 Factory overhead (actual) Indirect materials used 13,000 Indirect labor used 23,000 Other overhead costs 104,000 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 A 1 Factory overhead General Journal Debit Credit
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