$5-$a$.$ Compute gross profit for April. Required Informatlon

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Marco Company shows the following costs for three jobs worked on in April.

Additional Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$84\mathrm{.}800.$

b$.$ Raw materials purchases in April are $$512,000,$ and total factory payroll cost in April is $$375,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$53,000$; indirect labor, $$26,000$; factory rent, $$35,000$; factory utilities, $$22,000$; and

factory equipment depreciation, $$54,000.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$647\mathrm{.}000$ cash in April.

Prepare a schedule of cost of goods manufactured for the month ended April $30.$

$5-$b$.$ Show how the three inventory accounts are reported on the April $30$ balance sheet.

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Compute gross profit for April.

Gross profit

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Show how the three inventory accounts a