(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 Beginning of End of period Period Raw materials $ 49,000 $ 47.000 Work in process 9, 100 19, 400 Finished goods 62,000 34,000 Cost incurred for the period Raw materials purchases $ 175,000 Factory payroll 150, 090 Factory overhead (actual) Indirect materials used 18, 000 Indirect labor used 34, 500 Other overhead costs 93, 000 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process.A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $ 19,120 $ 13, 100 Work in process 10,500 12, 300 Finished goods 13, 560 9, 730 Activities for the period Raw materials purchases $ 9, 200 Direct materials used 15, 220 Direct labor used 10, 300 Overhead applied 12, 140 Sales 44, 400 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit