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 $ 29,000 9,800 62,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) End of Period. $ 56,000 18,400 34,800 $ 187,000 150,000 Indirect materials used 8,000 Indirect labor used Other overhead costs 34,500 100,000 Exercise 15-15 (Algo) Recording actual and applied overhead LO P3 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process.