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 Inventories Beginning of period End of Period Raw materials $ 35,000 $ 49,000 Work in process 9,500 18,800 Finished goods 51,000 33, 100 Cost incurred for the period Raw materials purchases $195,000 Factory payroll 200,000 Factory overhead (actual) Indirect materials used 7,000 Indirect labor used 46,000 Other overhead costs 101,000 Exercise 2-13 (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