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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 $ 28,000 $ 35,000
Work in process 9,800 20,800
Finished goods 63,000 34,700
Cost incurred for the period
Raw materials purchases $ 189,000
Factory payroll 200,000
Factory overhead (actual)
Indirect materials used 7,000
Indirect labor used 46,000
Other overhead costs 111,500

Exercise 15-13 (Algo) Recording materials; direct and indirect LO P1, P3

  1. Raw materials purchases for cash.
  2. Direct materials used.
  3. Indirect materials used.

Prepare journal entries for the above transactions for the period.

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