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 End of Period $ 36,000 $ 49,000 9,700 19,300 59,000 34,800 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $172,000 200,000 8,000 46,000 95,500 Exercise 15-12 (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 T-account, Insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. th 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 3. In the Work In Process Inventory T-account, insert amounts for beginning and ending balances along with drect materials used (noen part 1), direct labor used from part 2), and 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 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 overageli Beginning Raw Materials inventory Beginning Bepnong Work in Process inventory Begiming Ending Ending Ending Endeg Finished Goods Inventory Factory Overhead Beginning Beginning Beginning Begning Ending Ending 8,000 46,000 95,500 149,500 Required 2 > Required 1 3 4 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 < Required 134 ar