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Q5 ADT

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Required Information [The folio wing information apoiies to the questions displayed below-t} The following Information is available for ADT Company. which produces special-order securityr products and uses a Job order costing system. Overhead Is applied using a predetermined overhead rate of 5536 of direct labor cost. Beginning of Inventories period End of Period 2am materials 5 43,888 5 43,666 work in process 9,388 19,866 Finished goods 51,888 31,266 Cost incurred for the period saw materials purchases $ 1?4,666 Factory payroll 166,666 Factory overhead {actual} Indirect materials used ?,666 Indirect labor used 23,666 other overhead costs 55,666 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 ofdlrect labor used for the period. 3. In the Work In Process Inventory T-accounL Insert amounts for beginning and ending balances along with direct materials used [from part1], direct labor used [from part 2]. and applied overhead. Solve for cost ofgoods 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 Taccount. Insert amounts for indirect materials used. indirect labor used. other overhead costs. and applied overhead. Solve for underapplled or overapplied overhead. Required 1. 3 4 _ and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along wilh purchases and indirect materials used. Solve for dired: materials used in the period. 3. In the Work in Process Inventory Tacoount, insert amounts for beginning and ending balances along with dire-ct 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 Tacmunt. 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 ovelapplied overhead). 5. In the Factory Overhead T-acoount. insert amounts for indirect materials used, indired labor used. other overhead costs. and applied overhead. Solve for underapplied or ovelapplied overhead. Show IessA Beginning Ending 0 Ending Ending 0 Ending Beginning 7.000 23.000 95.000 125.000 Reqll ed 2 )

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