The following information is available for ADT Company, which produces special-order security products an 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 $ 32,000 9,700 64,000 End of Period: $ 50,000 20,200 33,400 Cost incurred for the period Raw materials purchases $ 192,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 10,000 Indirect labor used Other overhead costs 46,000 102,000 Exercise 15-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. Journal entry worksheet < A B Record the entry for direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry The following information is available for ADT Company, which produces special-order security products and uses a jou order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Rav materials Work in process Beginning of period $ 32,000 9,700 End of Period $ 50,000 Finished goods 64,000 20,200 33,400 Raw materials purchases Cost incurred for the period. Factory payroll $ 192,000 200,000 Factory overhead (actual) Indirect materials used 10,000 Indirect labor used 46,000 Other overhead costs 102,000 Exercise 15-13 (Algo) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. Journal entry worksheet < A B C Record the raw material purchases for cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal