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Required information Use the following information to answer questions. (Algo) [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 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period End of Period $ 28,000 $ 47,000 9,100 18,600 54,000 34,300 Cost incurred for the period Raw materials purchases $ 192,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 9,000 Indirect labor used Other overhead costs 57,500 102,000 Required information Use the following information to answer questions. (Algo) [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 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period End of Period $ 28,000 $ 47,000 9,100 18,600 54,000 34,300 Cost incurred for the period Raw materials purchases $ 192,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 9,000 Indirect labor used Other overhead costs 57,500 102,000
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