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Use the following information to answer questions. (Algo) Skip to question [The following information applies to the questions displayed below.] The following information is available

Use the following information to answer questions. (Algo)

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[The following information applies to the questions displayed below.] 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 $ 36,000 $ 57,000
Work in process 9,800 19,200
Finished goods 65,000 34,000

Cost incurred for the period
Raw materials purchases $ 175,000
Factory payroll 200,000
Factory overhead (actual)
Indirect materials used 15,000
Indirect labor used 46,000
Other overhead costs 112,500

rev: 05_26_2021_QC_CDR-376

Exercise 19-15 (Algo) Recording actual and applied overhead LO P3

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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