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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

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 Beginning of period End of Period
Raw materials $ 49,000 $ 53,000
Work in process 9,800 19,700
Finished goods 59,000 34,600
Cost incurred for the period
Raw materials purchases $ 190,000
Factory payroll 200,000
Factory overhead (actual)
Indirect materials used 18,000
Indirect labor used 46,000
Other overhead costs 105,000

  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.

Answer if you know what to actually, I asked this question once and the answers were wrong. If you don't want to put effort into your answer then stop wasting my time, I'm trying to learn

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