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 End of Period $ 48,888 $ 56,888 9,460 19,780 53,880 34,600 Cost incurred for the period Raw materials purchases $ 189, eee Factory payroll 250,00 Factory overhead (actual) Indirect materials used 8,eee Indirect labor used 57.5ee Other overhead costs 1e8,eee 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and Indirect materials used. Solve for direct materials used in the period. 2 Compute the cost of direct labor used for the period. 3. In the Work In Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2). and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account Insert amounts for Indirect materials used, Indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Required 1 3 4 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Show less Beginning Purchases Raw Materials Inventory 48,000 Beginning 189.000 8,000 Indirect materials 168,000 Direct materials Beginning Direct materials Direct labor Overhead applied Work in Process Inventory 9.400 Beginning 168,000 558,600 Cost of goods manufactured 192.500 154.000 Cost of goods sold 34.700 Ending Ending 61,000 Ending Ending Factory Overhead Beginning Cost of goods manufactured Finished Goods Inventory 53,000 Beginning 504,200 558,800 Cost of goods manufactured Beginning 154,000 Overhead applied Beginning indirect materials Direct labor Overhead applied Underapplied OH 8,000 57,500 Ending 1.400 Ending 108,000 19.500 Required 1 3 4 and 5 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Total factory payroll S 250,000 Less indirect labor used 57,500 Cost of direct labor used S 192,500
