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Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below] The following information is available for ADT
Use the following information to answer questions. (Algo) [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. Beginning of period End of Period Inventories Raw materials Work in process $ 42,000 $ 55,000 9,300 20,300 57,000 33,300 Cost incurred for the period Finished goods Raw materials purchases $ 188,000 Factory payroll 250,000 Indirect materials used 9,000 57,500 119,500 Factory overhead (actual) Indirect labor used Other overhead costs
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