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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 Beginning of period End of Period
Raw materials $ 29,000 $ 41,000
Work in process 9,900 19,000
Finished goods 55,000 34,000
Cost incurred for the period
Raw materials purchases $ 173,000
Factory payroll 150,000
Factory overhead (actual)
Indirect materials used 9,000
Indirect labor used 34,500
Other overhead costs 111,500
Exercise 15-15 (Algo) Recording actual and applied overhead LO P3
Incurred other actual overhead costs (all paid in Cash).
Applied overhead to work in process.
Prepare journal entries for the above transactions for the period.



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