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Saved Required information Use the following information to answer questions. (Static) [The following information applies to the questions displayed below) 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 Raw materials Work in process Finished goods Beginning of Period End of Period $ 43,000 $ 52,000 10,280 21, Bee 63,Bee 35,600 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 Exercise 2-13 (Static) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used: Prepare journal entries for the above transactions for the period Required information Prepare journal entries for the above transactions for the period. Part 2 of 4 View transaction list 10 points Journal entry worksheet Record the entry for indirect labor used. Note: Enter debits before credits. Transaction General Journal Debie Debit Credit 2 Record entry Clear entry View general journal Saved Required information Use the following information to answer questions. (Static) [The following information applies to the questions displayed below) 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 Raw materials Work in process Finished goods Beginning of Period End of Period $ 43,000 $ 52,000 10,280 21, Bee 63,Bee 35,600 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 Exercise 2-13 (Static) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used: Prepare journal entries for the above transactions for the period Required information Prepare journal entries for the above transactions for the period. Part 2 of 4 View transaction list 10 points Journal entry worksheet Record the entry for indirect labor used. Note: Enter debits before credits. Transaction General Journal Debie Debit Credit 2 Record entry Clear entry View general journal