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 70% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of Period End of Period $ 43,000 $ 52,000 10, 200 21,300 63,000 35,600 Cost incurred for the period Raw materials purchases $ 210,000 Factory payroll 345,000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 80,000 Other overhead costs 120,000 Exercise 2-12 (Static) 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. Complete this question by entering your answers in the tabs below. Required 1 34 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials use 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1 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 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 overhe indirect materials used. Solve for direct materials used in the period. als used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any es, and applied overhead. Solve for underapplied or overapplied overhead. Show less A Raw Materials Inventory Beginning Beginning Ending Ending Finished Goods Inventory Beginning Beginning Ending Ending Work in Process Inventory Beginning Beginning Ending Ending Factory Overhead Beginning Beginning 15,000 80,000 120,000 Cost of goods manufactured Cost of goods sold Direct labor Direct materials Factory payroll Indirect labor Indirect materials Other overhead Overhead applied Indirect materials Other overhead Overhead applied Purchases Sales Required 1 34 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