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 Raw materials Work in process Finished goods Beginning of period End of Period $ 41,000 $ 42,000 9,200 50,000 20,700 33,700 Cost incurred for the period Raw materials purchases $ 176,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 8,000 Indirect labor used 34,500 Other overhead costs 117,500 Exercise 15-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period.