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 Beginning of period End of Period $ 31,000 $ 54,000 9,100. 19,700 Finished goods 52,000 34,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 180,000 150,000 Indirect materials used 7,000 Indirect labor used 34,500 Other overhead costs. 112,500 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.