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Required Information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.) The following Information is available for
Required Information Use the following information to answer questions. (Algo) [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 $ 43,000 End of Period 9,500 62,000 $ 55,000 19,100 33,200 Cost incurred for the period Raw materiale purchases Factory payroll Factory overhead (actual) $176,000 200,000 Indirect materials used 7,000. Indirect labor used Other overhead costs 46,000 111,000 Exercise 15-13 (Algo) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. bes View transaction list Journal entry worksheet A B C Record the raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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