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 5.40,000 18.800 34,300 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 19-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable) 2. Indirect laborused (recorded as factory wages payable) Prepare Journal entries for the above transactions for the period. View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the entry for direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the entry for indirect labor used. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal 3