[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 $ 28,000 9,600 69,000 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 $ 46,000 18,900 34,700 $ 180,000 200,000 11,000 46,000 94,000 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect 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 with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead.

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
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Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.10E: Amounts for materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses...
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Complete this question by entering your answers in the tabs below.
Required 1 3 4
and 5
1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period.
3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of
goods manufactured in the period.
4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any
under- or overapplied overhead).
5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied
overapplied overhead.
Beginning
Purchases
Ending
Required 2
Beginning
Ending
Required 1 3 4
and 5
Raw Materials Inventory
28,000
180,000
46,000
Finished Goods Inventory
Beginning
151,000 Direct materials
11,000 Indirect materials.
0
Required 2
Cost of direct labor used
Ending
Beginning
Ending
Beginning
Direct materials
Direct labor
Overhead applied
Ending
Beginning
Compute the cost of direct labor used for the period.
The cost of direct labor for the period
Work in Process Inventory
0
Factory Overhead
11,000
46,000
94,000
151,000
Beginning
Cost of goods manufactured
Ending
Beginning
Show less A
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 3 4 and 5 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied overapplied overhead. Beginning Purchases Ending Required 2 Beginning Ending Required 1 3 4 and 5 Raw Materials Inventory 28,000 180,000 46,000 Finished Goods Inventory Beginning 151,000 Direct materials 11,000 Indirect materials. 0 Required 2 Cost of direct labor used Ending Beginning Ending Beginning Direct materials Direct labor Overhead applied Ending Beginning Compute the cost of direct labor used for the period. The cost of direct labor for the period Work in Process Inventory 0 Factory Overhead 11,000 46,000 94,000 151,000 Beginning Cost of goods manufactured Ending Beginning Show less A
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
$ 28,000
9,600
69,000
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
$ 46,000
18,900
34,700
$ 180,000
200,000
11,000
46,000
94,000
1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect
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 with direct materials used
(from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period.
4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods
manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead).
5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and
applied overhead. Solve for underapplied or overapplied overhead.
Transcribed Image Text: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 $ 28,000 9,600 69,000 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 $ 46,000 18,900 34,700 $ 180,000 200,000 11,000 46,000 94,000 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect 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 with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead.
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