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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

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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. Inventor to Raw materials Work in process Finished goods Beginning or period $ 44,000 9,400 62,000 End of Period 5 59.000 20.800 14,900 Cost incurred for the period Raw materials purchases $ 175,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 6,000 Indirect labor used 57.500 Other overhead costs 109,000 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. 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Sol 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direc 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) 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. Sol Raw Materials Inventory Beginning World in Process Invento Beginning Beginning Ending Ending Ending 0 Finished Goods Inventory Beginning Factory Overhead Beginning Beginning Ending 0 Ending 6,000 57.500 109,000 172.500 eginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 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 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 materials used, indirect labor used, other overhead costs, and applied overhead Solve for underapplied or overapplied overhead: Show less Work in Process Inventory Beginning Beginning Ending Ending Factory Overhead Beginning Beginning 6.000 57.500 109.000 172.500 Record the raw material purchases for cash. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record the direct materials used. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Record the indirect materials used. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal Record the entry for direct labor used. Note: Enter debits before credits. Transaction General Journal Dobit Credit 1 Record entry Clear entry View general journal Record the entry for indirect labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Record the entry for other actual overhead costs incurred (all paid in Cash). Note: Enter debits before credits General Journal Transaction 1 Debit Credit Record entry Clear entry View general Journal Record the entry to apply overhead to work in process. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal

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