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 $ 30,000 9,200 63,000 End of Period $ 47,000 18,800 33,700 Cost incurred for the period Raw materials purchases $ 176,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 8,000 Indirect labor used 57,500 Other overhead costs 108,000 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 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. Raw Materials Inventory Beginning Beginning Ending 0 Ending Finished Goods Inventory Beginning Beginning Ending 0 Ending Work in Process Inventory Beginning Beginning Ending 0 Ending Factory Overhead Beginning Beginning 8,000 57,500 108,000 173,500