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 Beginning of End of period Period Raw materials $ 38,000 $ 58,000 Work in process 9.700 19,800 Finished goods 58,000 34.600 Cost incurred for the period Raw materials purchases $ 171,00 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 17.000 Indirect labor used 57,500 Other overhead costs 94,000 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 balonces along with direct materials used (from part 1), direct labot 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 balonces 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 opplied overhead, Solve for underapplied or overapplied ovethend. Check my work Required information applied overhead Solve for underapplied or averapplied overhead, Complete this question by entering your answers in the tabs below. Required 134 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 mater 3. In the Work in Process Inventory account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labored from goods manufactured in the period In the shed Goods Triventory T-account, inert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Son for cost or 5. In the adory Overhead Taccount, insert amounts for indirect materials wed, Indirect labor sed, other overhead costs, and applied overheat solve for underup Raw Materialoventory Work in Process inventory Beginning De Beginning eginning Finding Ending Factory Overhead Finished Goods Inventory Bearing Demning Beginning Begin 17 000 57.500 ol Ending Enne Required information Required 134 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. Selve for direct mate 3. In the Work in Process inventory T-account, insert amounts for beginning and ending ballinces along with direct materials used (from part 1), direct laborused (from goods manufactured in the period, 4. In the finished Goods Triventory T-account, insert amounts for beginning and ending balances along with cont of goods manufactured (from part 3). Solve for cout of 5. In the Factory Overhead Taccount, insert amounts for indirect materials used, Indirect labor used, other overhead costs, and applied overhead. Solve for underapple Raw Materials Inventory Work in Process inventory Beginning Beginning Beginning Beginning Ending Ending Ending Ending Finished Goods Investory Factory Overhead Beginning Beginning Beginning Beginning 37.000 57.500 2000 Ending Ending 4 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-ar 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 134 and 5 Required 2 Compute the cost of direct labor used for the period ED The cost of direct labor for the period -ences Cost of direct laborused Required 134 and
