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 Beginning of period End of Period Raw materials $ 34,000 $ 46,000 Work in process 9,500 18,600 Finished goods 57,000 34,600 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 195,000 150,000 17,000 34,500 104,500 Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 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 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 Required 2 and 5 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 th 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 2), and a 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 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 overappil 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 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 2), and a 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 th 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 overapplie Beginning Purchases Ending Beginning Cost of goods manufactured Ending Raw Materials Inventory 34.000 195,000 Beginning 166.000 Direct materials 17.000 indirect matena's 46.000 Finished Goods Inventory Ending Beginning Cost of goods sold Ending Beginning Direct materials Direct labor Overhead applied Ending Work in Process Inventory 9.500 Beginning 106,000 Cost of goods manufactured 175.500 Ending Factory Overhead Beginning Overhead applied Beginning Indirect materials Indirect labor 17,000 34,500 Other overhead 104.500 Underapplied OH 156,000 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 Less indirect labor used Cost of direct labor used