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 End of Period 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 $ 193,000 Factory payroll 200,000 Factory overhead (actual) Indirect aterials used 7,000 Indirect labor used 46,000 Other overhead costs 101,000 Exercise 2-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct lobor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable) Prepare journal entnes for the above transactions for the period