The following information is available for ADT Company, which produces special order security products and...
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Accounting
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 5 42,000 9,600 55,000 End of Period S 39,000 19,900 33,300 Cont incurred for the period Raw materials purchases $ 177,000 Factory payroll 100.000 Factory overhead (actual) Indirect materials used 15,000 Indirect labor used 23,000 other overhead cost 94.500 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. Cannat...hir niacin baterie are in that he halas. Required information Required 134 and 5 Required 2 1. In the Raw Materials inventory T-account, insert a nounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in th 3. In the Work in Process Inventory Taccount, Insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used chrom part 2), and goods manufactured in the period. 4. In the Finished Goods Inventory account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3) Solve for cost of goods sold in under or overapplied overhead). S. 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 overoppli Raw Materials Inventory Work in Process Inventory Beginning Beginning Beginning Beginning D Ending Ending Ending Ending Finished Goods inventory Factory Overhead Beginning teginning Beginning teginning 15,000 23 000 94500 132.500 Ending Ending Complete this question by entering your answer Required 1 34 and 5 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



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