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 $ 37,000 9,600 53,000 End of Period $ 40,000 18,300 36,300 Cost incurred for the period Raw materials purchases $ 195,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 16,000 Indirect labor used 57,500 Other overhead costs 112,500 Exercise 19-12 (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 (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 Taccount, Insert amounts for indirect materials used indirect labor used, other overhead costs, and Required information od 1342 1. In the Raw Materials inventory account, incertations for beginning and ending balances along with purchases and indirect interesolve for direct interes ned in the 3. In the Work in Process Eventory account, insert amounts for beginning and endng balances along with direct materials used from art 1), direct laborated from and goods manufactured in the period 4. In the finished Goods Inventory account, ut amounts for beginning and ending balances along with cost of goods manufactured from port 3) Solve for cont of goods sold in 1 under or overapplied overhead) 5. In the factory Overhead 1 account, insert amounts for indirect materials used indirect laborused, other vehead costs, and applied overheat Sohve for underapplied or overall Raw Materials twentory Work in Procesory Bening Beginning Beginning Beaning Ending Enang Ending Ladeg Factury Overhead Finished Goods inventory Beginning Deanno tie 16.000 57.100 1500 1000 [Entog Exercise 19-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 of 4 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- of overapplied overhead) 5. In the Factory Overhead T-account, insert amounts for indirect materials used indirect laborused, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. ences Complete this question by entering your answers in the tabs below. Required 134 and Required Compute the cost of direct labor used for the period The cost of direction for the period Cost of doctor used Reavised 134 and
