Required information Use the following information to answer questions. (Static) [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 70% of direct labor cost. Beginning of Period $ 43,000 End of Period $ 52,000 Inventories Raw materials Work in process Finished goods 10,200 21,300 63,000 35,600 Cost incurred for the period Raw materials purchases Factory payroll. Factory overhead (actual) Indirect materials used. Indirect labor used. Other overhead costs $ 210,000 345,000 15,000 80,000 120,000 Exercise 15-14 (Static) 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). Prepare journal entries for the above transactions for the period. Prepare journal entries for the above transactions for the period. View transaction list View journal entry worksheet No General Journal Transaction 1 A Factory overhead Cash B 2 Work in process inventory Factory overhead 2 Debit 120,000 185,500 Credit 120,000 185,500 Comm