the following information is available for adt company, which produces special-order security products and uses...
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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 55% of direct labor cost. Inventories Beginning of period End of Period Raw materials $ 31,000 $ 48,000 Work in process 9,400 18,200 Finished goods 54,000 33,600 Cost incurred for the period Raw materials purchases $ 195,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 10,000 Indirect labor used 57,500 Other overhead costs 107,500 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period
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