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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
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 Beginning of period $ 40,000 9,900 61,000 End of Period $ 52,000 20,000 33,400 Finished goods Cost incurred for the period Raw materials purchases $191,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 9,000 Indirect labor used 34,500 Other overhead costs 104,000 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. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet A B C
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