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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 Beginning of End of Period period $ 49,000 $ 37,000 9,300 60,000 Cost incurred for the period Finished goods Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs 18,400 33,900 $ 180,000 150,000 13,000 34,500 110,500 1. Raw materials purchases for cash 2. Direct materials used. 3. Indirect materials used Prepare journal entries for the above transactions for the period.
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