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 Beginning of Period End of Period $ 43,000 10,200. $ 52,000 Finished goods 63,000 21,300 35,600 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 210,000 345,000 Indirect materials used Indirect labor used Other overhead costs. 15,000 80,000 120,000 Exercise 15-14 (Static) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period.