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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.

InventoriesBeginning of periodEnd of PeriodRaw materials$ 49,000$ 53,000Work in process9,80019,700Finished goods59,00034,600Cost incurred for the periodRaw materials purchases$ 190,000Factory payroll200,000Factory overhead (actual)Indirect materials used18,000Indirect labor used46,000Other overhead costs105,000

  1. Incurred other actual overhead costs (all paid in Cash).
  2. Applied overhead to work in process.

Prepare journal entries for the above transactions for the period.

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