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 9,800 54,000 End of Period $ 46,000 20,900 34,200 Cost incurred for the period Raw materials purchases $ 181,800 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 11,800 Indirect labor used 34,500 Other overhead costs 92,500 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 Red 134 weds in the Raw Matery accounts for being and end purchase and the to the Work In Proces by account, mens for beginning and computer goods in the period in the the Gods intory count to beginning with or of the over) 5. in the overheden informatie 66000 1.000 End 100 E Sared Cost incurred for the period Raw materials purchases $ 181,000 Factory payroll 150,000 Factory overhead (actual) Indirect saterials used 11,000 Indirect labor used 34,500 Other overhead costs 92,500 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 134 and 5 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct laborused
