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 $ 37,000 9,700 End of Periodi $ 54,000 20,800 Finished goods 65,000 34,700 Cost incurred for the period Raw materials purchases Factory overhead (actual) $176,000 Factory payroll 300,000 Indirect materials used 14,000 69,000 96,000 Indirect labor used Other overhead costs 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 Record the raw material purchases for cash.