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 Beginning of period End of Period $ 36,000 $ 31,000 Work in process 9,400 Finished goods 61,000 19,600 33,300 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 187,000 300,000 15,000 Indirect materials used Indirect labor used Other overhead costs 69,000 112,000 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. Beginning Purchases Raw Materials Inventory Beginning Beginning Direct materials Direct labor Work in Process Inventory Be Ending Ending Ending End Finished Goods Inventory Factory Overhead Beginning Beginning Beginning Be 15,000 69,000 Ending 0 Ending 112,000 196,000 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