GL 1501 - Based on Problem 15-1A LO C2, P1, P2, P3, P4 Perry Co.'s March 31 Inventory of raw materials is $140,000. Raw materials purchases in April are $650,000, and factory payroll cost in April is $519,000 Overhead costs incurred in April are Indirect materials, $100,000 indirect labor, $59,000 factory rent, $64.000, factory utilities, $43,000, and factory equipment depreciation, $63,000. The predetermined overhead rate is 70% of direct labor cost Job 306 is sold for $940,000 cash in April . Costs of the three jobs worked on in April follow. Job 386 Job 387 Job 388 Balances on March 31 Direct materials $ 53, eee $ 71,000 Direct labor 44, eee 3e, eee Applied overhead 30,80e 21, eee Costs during April Direct materials 159,000 256,eee $124, eee Direct labor 133,00 210, eee 117,00 Applied overhead Finished Finished Status on April 3e (sold) (unsold) In process Complete this question by entering your answers in the tabs below. General General Requirement Cost of Goods Journal Trial Balance Ledger Job Costs Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Perry Company for the month of April. Dates: Mar 31 to: Apr 30 > 0 0 Gross profil