0 Required information Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information 19,000 9,500 Job 306 Job 307 Job 308 $ 26,000 $ 39,000 24,000 12,000 131,000 103,000 205,000 $110,000 155,000 Finished (sold) 7 Finished (unsold) 103,000 ? In process a. Raw Materials Inventory has a March 31 balance of $85,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $389,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $28,000; factory rent, $37,000; factory utilities, $22,000; and factory equipment depreciation, $59,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). March Direct materials Direct labor Overhead applied Work in process, beginning Job 306 $ 26,000 $ 24,000 12,000 Job 307 39,000 19,000 9,500 Job 308 April Total $ 0 April Direct materials Direct labor Overhead applied Costs added in April 131,000 205,000 110,000 103,000 155,000 103,000 446,000 361,000 0 234,000 360,000 Total costs Status on April 30 Finished (sold) Finished (unsold) April 30 cost included in: 213,000 807,000 $ 0 In process