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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 and
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 $ 50,000 9,900 52,000 End of Period $ 59,000 18,200 33,200 Cost incurred for the period Raw materials purchases $ 174,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 13,000 Indirect labor used 46,000 Other overhead costs 120,000 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 pale joumdienines io me above uansduons for the penou. View transaction list Journal entry worksheet A B Record the raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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