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 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 $41.000 $ 45,000 9,600 19,400 65,000 34,300 Finished goods Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 180,000 100,000 14,000 23,000 115,000 Exercise 2-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1 P3, P4 1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirec 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 use (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 Total factory payroll S 250,000 Less indirect labor used 57.500 Cost of direct labor used 5 182.500 pored overhead Complete this question by entering your answers in the tabs below. Rebired 2 and S heal Solve for cof 1. In the Fw Materials Inventory Taccount, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period 3,3n the Work in Process Inventary Taccount, insert amounts for beginning and ending balances along with direct materials used (frem part 1), direct labor used (from part 2), and applied 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cast of goods manufactured (from part 2). Delve for east of goods sold in the period (do not a 5. In the Fachry Overhead Taccount, art amounts for indirect materials used, indirect labor used, other overhead costs, and appled everhead. Selve for underappled or plat overhead Regions eginning 14.000 me 1000 4200 Every Jenery nang Segring Sepedt> 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 Raw materials beginning of period Inventories: $ 41,000 work in process 9,500 Finished goods 65,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used: End of Period $45,000 19,400 34,300 $ 180,000 100,000 14,000 Indirect labor used Other overhead costs 23,000 115,000