Chapter 2 Humework 437 2 Required information Use the following information to answer questions. (Algo) (The following information applies to the questions displayed below The folowing information is available for ADT Company, which produces special-order security products and uses a job order costing systems. Overhead is applied using a predetermined evenead ate of 55% of direct labor cost 100 C 03 the Investories Finished gouds 3,000 48,000 2. outer wereed 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, sent amounts for beginning and ending balances along with purchases and indirect materials used Solve for direct materials used 2. Compute the cost of direct labor used 3 in the Work in Process Inventory Tacciunt, insert amounts for beginning and ending balances along with direct materials used (from part direct labor used from part 2 and applied overhead. Solve for cost of goods manufactured in the period 4. In the Finished Goods Inventory Taccours, insert amounts for beginning and ending balances along with cost of goods manufactured om part 3 Solve for cost of goods sold in the period do not consider any under or everapplied overhead 5. in the Factory Overhead Taccount, sant amounts for indirect materials used indirect labor used, other overhead costs, and applied overhead Solve for underapplede Complete this question by entering your answers in t 1. In the Raw Materias ventery 7 account, het amaunts for beginning and ending balances along with purchases and indirect materials used. Suve for direct mananas used in the period 3. In the Werk Process Investory pods manufactured in the parted setts for beginning and ending balancs song with direct materials used from part 13, direct sabor used (frem part 2), and apott overhead. Sufre for cof be the finched Goods Inventary Taccount, in tegang and ending balancas eong with coat of goods manufactured (from part 3). Sove for cost of goods sold in the period (decoder any 5. In the factory Overhead Tant, insert and for at mataras, indred labor wood, other overhead costs, and applied overhead. Sote for underapplied or averaged under or rolled overheat d Phas Ending 33.000 174,000 137200 m Finished Guds vary Bigring Com of goods made 33825 C of 34430 Endry 63526 Degening 306021 Cof goo Ending Ending Factory Overhand Bogeving 16,000 14,500 Oher overtad Underapplied OH 3,75