Required Information The Following Information Applies To The Questions Displayed Below The Following Information Is 1 (105.86 KiB) Viewed 7 times
Required information [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 $ 34,000 9,100 63,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. End of Period $ 55,000 18,600 34,800 $ 198,000 300,000 10,000 69,000 102,000 Prepare journal entries for the above transactions for the period.
Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet A Record the raw material purchases for cash. в с Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal >
View transaction list Journal entry worksheet <A B Record the direct materials used. C Note: Enter debits before credits. Transaction 2 Record entry General Journal Clear entry Debit Credit View general journal
View transaction list Journal entry worksheet <A B Record the indirect materials used. C Note: Enter debits before credits. Transaction 3 Record entry General Journal Clear entry Debit Credit View general journal
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