work i Required information 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 Beginning of period End of Period $ 29,000 $ 54,000 work in process 9,700 20,000 Finished goods 51,000 34,900 $ 192,000 300,000 7,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs 69,000 92,500 cercise 2-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2 Exercise 2-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Pray Next > es Complete this question by entering your answers in the tabs below. Required 134 and 51 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct labor used: Required 134 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for Beginning Ending Raw Materials Inventory Beginning Beginning Ending Ending Work in Process Inventory Beginning Work in Process Inventory Beginning Ending 0 Ending Factory Overhead Beginning Beginning 7,000 69,000 92,500 168,500 Remured 134 and 5. Required 2 > Required information Beginning Raw Materials Inventory Beginning Ending Ending Finished Goods Inventory Beginning Beginning Ending Ending Requi