Chapter 15 Problems/Excel Simulation i Saving 6 Required information Part 2 of 5 9.09 points Help Save & Exit Sub Check my wo 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. Job 306 Job 307 Job 308 eBook Balances on March 31 Direct materials used (in March) $ 32,000 Direct labor used (in March) Overhead applied (March) 21,000 10,500 $ 43,000 15,000 7,500 Costs during April 135,000 104,000 2 Finished (sold) 205,000 153,000 ? Finished (unsold) $110,000 104,000 ? In process Print References Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information a. Raw Materials Inventory has a March 31 balance of $87,000. b. Raw materials purchases in April are $580,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $59,000; indirect labor, $24,000; factory rent, $36,000; factory utilities, $21,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $685,000 cash in April. Problem 15-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 March Direct materials $ 32,000 $ Direct labor 21,000 Overhead applied 10,500 43,000 15,000 7,500 Work in process, beginning April Direct materials 135,000 205,000 110,000 Direct labor 104,000 153,000 104,000 Overhead applied Costs added in April 239,000 358,000 Total costs Status on April 30 Finished (sold) Finished (unsold) April 30 cost included in: April Total $ 0 450,000 361,000 0 214,000 811,000 $ 0 In process