The following information is available for ADT Company, which produces special-order security produc order costing system....

 

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The following information is available for ADT Company, which produces special-order security produc order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labo Inventories Raw materials Work in process Finished goods Beginning of period End of Period $ 48,000 $ 52,000 9,800 19,400 68,000 33,300 Cost incurred for the period Raw materials purchases $ 176,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 7,000 Indirect labor used 34,500 Other overhead costs 100,000 Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manu P3, P4 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along w (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufacture 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along w manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or ov 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, othe applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. The following information is available for ADT Company, which produces special-order security produc order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labo Inventories Raw materials Work in process Finished goods Beginning of period End of Period $ 48,000 $ 52,000 9,800 19,400 68,000 33,300 Cost incurred for the period Raw materials purchases $ 176,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 7,000 Indirect labor used 34,500 Other overhead costs 100,000 Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manu P3, P4 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along w (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufacture 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along w manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or ov 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, othe applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below.