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[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
[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 Finished goods Beginning of period $ 25,000 9, 200 62,000 End of Period $ 60,000 20,900 34,800 Cost incurred for the period Raw materials purchases $ 185,000 Factory payroll 300,000 Factory overhead (actual) Indirect materials used 16,000 Indirect labor used 69,000 Other overhead costs 98,000 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 TILE.RUHI ury uuuuuri ILU II wymiy uru Hurry wururuu viviryLTUUlvi yuuuu 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. Complete this question by entering your answers in the tabs below. Required 1 34 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect n 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used 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 manufact under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and ap Raw Materials Inventory Work Beginning Beginning Beginning Ending Ending Ending Finished Goods Inventory Beginning Beginning Beginning Work in Process Inventory jinning Beginning Beginning ling Ending 0 Ending Factory Overhead jinning Beginning Beginning 16,000 69,000 ling 98,000 183,000 Work in Process Inventory jinning Beginning Beginning ling Ending 0 Ending Factory Overhead jinning Beginning Beginning 16,000 69,000 ling 98,000 183,000 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. Complete this question by entering your answers in the tabs below. Required 134 and 5 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct labor used Journal entry worksheet A B C > Record the raw material purchases for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
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