Check my work 4 Problem 15-2A (Static) 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.] Part 4 of 5 Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 5.55 Balances on March 31 points Direct materials used (in March) $ 29, 800 $ 35, 080 Direct labor used (in March) 20, 800 900 '8T. Overhead applied (March) 10, 080 080 '6 Costs during April Direct materials used 135, 080 220, 080 080 '80T $ eBook Direct labor used 85, 000 080 'BST 080 'SOT Overhead applied Status on April 30 Finished Finished Print ( sold ) ( unsold) In process Additional Information n References a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Problem 15-2A (Static) Part 4 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30@ 2.3 Connect: Exercises and Prob X Question 5 - 2.3 Connect: Exercis X S ch_15_HW_7e.pdf.pdf Reading list 2.3 Connect: Exercises and Problems i Saved Help Save & Exit Submit Check my work 5 Problem 15-2A (Static) 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.) Part 5 of 5 Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 5.55 Balances on March 31 points Direct materials used (in March) $ 29, 080 5 35, 008 Direct labor used (in March) 20, 080 18, 000 Overhead applied (March) 800 'BT. 800 '6 Costs during April Direct materials used 135, 080 220, 080 $ 100, 080 Book Direct labor used 85, 080 080 'BST 800 'SOT. Overhead applied Status on April 30 Finished Finished (sold) (unsold ) In process Print Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. References b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Problem 15-2A (Static) Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question hy entering vour answers in the tahe helow D M + 11:103 Pa30f5 II..- 5.55 points Shipped EBODK Prim Refere nces Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases In April are $500,000, and total factory payroll cost In April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000: factory rent, $32,000; factory utilities, $19000; and factory equipment depreciation. $51,000. d. Predetermined overhead rate is 50% of direct labor cost. 2. Job 306 is sold for $635,000 cash in April. Check mywork Problem 15-2A (Static) Part 3 a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used [and paid in cash] and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. 9. Indirect labor used (and paid In cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. 9. Actual other overhead costs incurred [Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 30? to Finished Goods Inventory. I. Cost of goods sold for Job 306. J. Revenue from the sale ofJob 305 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions. Check my work 3 Required information Part 3 of 5 Problem 15-2A (Static) 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.] 5.55 points Marco Company shows the following costs for three jobs worked on in April. Skipped Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 29, 000 $ 35, 000 eBook Direct labor used (in March) 20, 000 18, 000 Overhead applied (March) 10, 000 9, 000 Print Costs during April Direct materials used 135, 090 220, 000 $ 100, 000 References Direct labor used 85, 000 150, 000 105, 000 Overhead applied ? Status on April 30 Finished Finished (sold) ( unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities. $19.000; and factory equipment depreciation. $51,000