GL1501 - 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 306 Job 307 Job 308 Balances on March 31 Direct materials $ 55,000 $ 71,000 Direct labor 44,000 30,000 Applied overhead 30,800 21,000 Costs during April Direct materials 159,000 256,000 $124,000 Direct labor 133,000 210,000 117,000 Applied overhead Finished Status on April 30 Finished In process (sold) (unsold) ? > Prepare a schedule of cost of goods manufactured for Perry Company for the month of April. Dates: Mar 31 to: Apr 30 PERRY COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process