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Required Information [The following information applies to the questions displayed below] The following information is avallable for ADT Company. which produces speclal-order security products and
Required Information [The following information applies to the questions displayed below] The following information is avallable for ADT Company. which produces speclal-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 70% of direct labor cost. 1. In the Raw Materlals Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materlals used. Solve for direct materlals used in the perlod. 2 Compute the cost of direct labor used for the perlod. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materlais used from part 1). direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the perlod. 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 perlod (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, Insert amounts for Inclrect materlals used, Indirect labor used, other overhead costs, and appiled overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. goods manufactured in the period. under- or overapplied overhead)
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