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Accounting

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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 70% of direct labor cost.
Inventories Beginning of Period End of Period
Raw materials $ 43,000 $ 52,000
Work in process 10,20021,300
Finished goods 63,00035,600
Cost incurred for the period
Raw materials purchases $ 210,000
Factory payroll 345,000
Factory overhead (actual)
Indirect materials used 15,000
Indirect labor used 80,000
Other overhead costs 120,000
1. Incurred other actual overhead costs (all paid in Cash).
2. Applied overhead to work in process.
Prepare journal entries for the above transactions for the period.

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