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.r

1. Raw materials purchases for cash.

2. Direct materials used. 

3. Indirect materials used. 

Prepare journal entries for the above transactions for the period.r

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Inventories Raw materials Work in process Finished goods Beginning of period $ 39,000 9,600 68,000 Cost incurred for the period. Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs End of Period $ 44,000 18,100 34,400 $ 192,000 150,000. B,000 34,500 109,500 Inventories Raw materials Work in process Finished goods Beginning of period $ 39,000 9,600 68,000 Cost incurred for the period. Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs End of Period $ 44,000 18,100 34,400 $ 192,000 150,000. B,000 34,500 109,500

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