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 Finished goods Beginning of period $ 45,000 9,209 65,000 End of Period $ 40,000 18,500 34,600 Cost incurred for the period Raw materials purchases $ 174,000 Factory payroll 100,000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 23,000 Other overhead costs 104,000 Exercise 15-12 (Algo) 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 overapplled 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 Materiale Inventory T-account, int amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in th 3. In the Work in Process Inventory T-account, inwirt amounts for beginning and ending balances along with direct materials used from part 1), direct laborused (from part 2), and 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). Solve for cost of goods sold in under or overapplied overhead) S. In the factory Overhead Taccount, insert amounts for indirect materials used indirect labored, othet overhead costs, and applied overhead. Solve for underapplied or overbell Raw Materials inventory Work in Process inventory Beginning Beuning Beginning Beginning Ending Ending Enting Ending Finished Goods Inventory Factory Overhead Beginning ) Beginning Beginning Beginning 15,000 23 000 104 000 Ending Ending Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct labor used