Additional Information

1. Raw Materials Inventory has a March 31 balance of $92,500.
2. Raw materials purchases in April are $505,000, and total factory payroll cost in April is $390,500.
3. Actual overhead costs incurred in April are indirect materials, $52,500; indirect labor, $25,500; factory rent, $34,500; factory utilities, $21,500; and factory equipment depreciation, $56,000.
4. Predetermined overhead rate is 50% of direct labor cost.
5. Job 306 is sold for $650,000 cash in April.

Carey Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 34,000 25,000 12,500 $ 42,500 20,500 10,250 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 140,000 95,000 ? Finished (sold) 227,500 162,500 ? Finished (unsold) $ 102,500 107,500 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $92,500. b. Raw materials purchases in April are $505,000, and total factory payroll cost in April is $390,500. c. Actual overhead costs incurred in April are indirect materials, $52,500; indirect labor, $25,500; factory rent, $34,500; factory utilities, $21,500; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, indicate which account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total $ 34,000 $ 25,000 12,500 71,500 42,500 20,500 10,250 73,250 $ 144,750 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs $ 140,000 $ 95,000 227,500 162,500 102,500 107,500 470,000 365,000 0 835,000 235,000 390,000 210,000 $ Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit Mfg Prepare a schedule of cost of goods manufactured for Carey Company for the month of April. CAREY COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process