GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Clark Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $87,000. b. Raw materials purchases in April are $502,800, and total factory payroll cost in April is $378,400. c. Actual overhead costs incurred in April are indirect materials, $51,400; indirect labor, $24,400; factory rent, $33,400; factory utilities, $20,400; and factory equipment depreciation, $53,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $620,000 cash in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $87,000. b. Raw materials purchases in April are $502,800, and total factory payroll cost in April is $378,400. c. Actual overhead costs incurred in April are indirect materials, $51,400; indirect labor, $24,400; factory rent, $33,400; factory utilities, $20,400; and factory equipment depreciation, $53,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $620,000 cash in April. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions