Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below] The following information is avallable 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. Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3,P4 4. In the Raw Materials inventory T-account, insert amounts for beginang and ending balances aiong 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 lnventory T-occount, insert amounts for beginning ond ending balances along with direct matenials used L In the faw Mrtefials leventory F-eccount, insert amounts for beginsing and ending bulances niong wath purchaves and indiect mutheriais used sove for direct thateriahs used in the period 2. Compole the cost of drect labor used for the penod. 3. In the Work in Process lwverhory T tccount insert anourts for begining and ending balances along wer direct materias ised Fiom part te direct labor used from pat 24. and wpples overhead. Solve for coct of goods marutsctured in the period. 4. in the Filiched Goods livernog T-account, insen arrounts for begining and ending balances along with coit of poeds 5. In the Factory Ovethesd Teccoint, insen amounts for indrect materias used, indrect woor used other overtiead costs, and appled overhead 50 twe for underasplied or overaphiced oveitheat [The following information applies to the questions displayed below] The following information is available for ADT Company, which produces specialorder security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Exerclse 15-12 (Algo) Computing materlals, labor, overhead, and cost of goods manufactured LO P1, P. P3, Pa 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 21, 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. Compute the cost of direct labor used for the period
