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The following information is avallable for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is appled using a
The following information is avallable for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is appled using a predetermined overhead rate of 70% of direct labor cost. Exercise 19-12 (Static) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, 3,P4 1. In the Row Materials inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materiais 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-occount, insert amounts for beginning and ending balances olong 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 opplied overhead. Solve for underapplied or overapplied overhead. 3. In the Work In Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 13, dimet iabor used (from part 2), and 4. In the Finished Goods inventory T-account, Insert amounts for beginning and ending belances along with cost of goods manufactured (from part 3 ). Solve for cost of goods sold in goods menufactured in the period. 5. In the Factory Overhesd T-account, insert amounts for indirect materials used, indirect labor used, other averhead costs, and applied overtiead. Solve for underapplied or averapplif under- or overapplied overhead). Compute the cost of direct labor used for the period
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