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GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Williams Company shows the following costs for three jobs worked on in April. Job 386 Job 307 Job 388 $ 34,200 25, 200 12,600 $ 42, Bee 28,60 10,3ee 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 30 140,200 95,400 227,8ee 163,000 $ 192,689 107,600 ? Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $93.000. b. Raw materials purchases in April are $505,200, and total factory payroll cost in April is $391,600. c Actual overhead costs incurred in April are Indirect materials, $52.600 Indirect labor, $25.600; factory rent. $34,600; factory utilities. $21,600; and factory equipment depreciation. $56,200. d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $650.000 cash in April = h Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs cost of Goods Mlg Gross Pront General Journal tab - Prepare joumal entries to record the transactions of Williams Company during the month of April. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab, Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger along with its balance, either a debit or a credit. Total debits should always equal total credits Job Costs tab - Calculate the total cost and account classification for each job worked on during April Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Williams Company during the month of April Gross Profit tab - Calculate the gross profit on the sale of job(s) during April a. Raw Materials Inventory has a March 31 balance of $93.000. b. Raw materials purchases in April are $505,200, and total factory payroll cost in April is $391,600. c Actual overhead costs incurred in April are Indirect materials, $52,600; Indirect labor, $25.600 factory rent, $34,600; fac uuhtles. $21,600, and factory equipment depreciation, $56,200. 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 General Journal tab - Prepare journal entries to record the transactions of Williams Company during the month of April. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits Job Costs tab - Calculate the total cost and account classification for each job worked on during April. Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Williams Company during the month of April. Gross Profit tab - Calculate the gross profit on the sale of job(s) during April. General Journal > Complete this question by entering your answers in the tabs below. Requirement General Douma General Ledger THAI Balance Job Costs Cost of Goods MO Gross Profit General Ledger Account Cash Accounts cervistiene NO Date Debit Credit No. Debit Balance 502,000 Credit March 31 Date March 31 Balance 232,000 Raw materials inventory Debit Credit No. No Date March 31 Balance 93,000 Work in process inventory Date Debit Credit March 37 Balance 145.700 Factory Equipment Debit Credit No: Date March 31 No Balance 523,000 Accumulated depreciation Factory equipment Date Debit Credit Balance March 31 100.000 Accounts payable Debit Credit No Date March 31 No. Balance 60,200 Common stock, Spar value Date Debit Credit March 1 Balance 302.000 No. Paid in capital in excess of par Common Date Debit Credit Balance March 31 200.000 Retained emings Debit Credit No Date Marchi Balance 000 Galloutual TH Complete this question by entering your answers the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mrg Gross Profit Williams Company Thal Balance March 31, 2021 Account Title Debit Credit S 502.000 232,000 93,000 145,700 523,000 Cash Accounts receivable.net Raw materials Inventory Work in process inventory Factory Equipment Accumulated depreciation - Factory equipment Accounts payable Common stock $5 par value Pald-in capital in excess of par - Common Retained earnings Total 188,000 50,200 302.000 202.000 775,500 1.495,700 S 1495.700 $ General Ledger Job Costs > 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 Prepare a schedule of cost of goods manufactured for Williams Company for the month of April. WILLIAMS COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Additional Information a. Raw Materials Inventory has a March 31 balance of $93,000. b. Raw materials purchases in April are $505,200, and total factory payroll cost In April is $391,600. C Actual overhead costs incurred in April are Indirect materials. $52,600: Indirect labor, $25.600; factory rent, $34,600, fac utilities. $21.600; and factory equipment depreciation, $56,200. 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 Mlg Gross Pront Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Williams Company for the month of April. Gross profit hs