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. Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2 P3, P4 1. In the Raw Materiais 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. 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 3. In the Work in Process Ifventory Taccount, insert amounts for beginning and ending balances along with direct materiais used (from part 1), direct labor used (from part 2). 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 tirom part 3). Solve for cost of goods so under-or overapplied overhead). 5. In the Factory Overtiead T-account, insert ameunts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or over 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 (trom 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. Compute the cost of direct labor used for the period. 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. 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. Prepare journal entries for the above transactions for the period. Prepare journal entries for the above transactions for the period. Journal entry worksheet Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits.. Prepare journal entries for the above transactions for the period. Journal entry worksheet Record the entry to apply overhead to work in process. Note: Enter debits before credits
