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 L 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 $ 29,000 9,800 62,000 End of Period $ 56,000 18,400 Finished goods 34,800 Cost incurred for the period Raw materials purchases $ 187,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 8,000 Indirect labor used 34,500 Other overhead costs 100,000 Exercise 15-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable).