GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Clancy Company shows the following costs for three jobs worked on in April. Job 306 306 307 Job 343 $ 73,000 64,000 51,200 $ 101,000 40,900 32,000 Balances on March 31 Direct materials in March) Direct labor (in March Applied overhead (March Costs during April Direct materiais Direct Labor Applied overhead Status on April 30 286,00 260,000 $ 144,000 127.000 179,00 173.000 2 Finished (Sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $190,000, b. Raw materials purchases in April are $740,000, and total factory payroll cost in Aprilis 5649,000. c. Actual overhead costs incurred in April are indirect materials. S115,420, Indirect labor $41000, factory rent. $43,000; factory utilities, S36,000 and factory equipment depreciation. $65.000. d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $1.230.000 cash in April Job 306 Job 307 Job 308 April Total $ 73,000 $ 64,000 51 200 188,200 101,000 40,000 32.000 173.000 $ 361,200 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April, indicate which account should include each job's costs $ 179,000 $ 173,000 286.000 260.000 144,000 127,000 609,000 560,000 Journal Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare a schedule of cost of goods manufactured for Clancy Company for the month of April. CLANCY COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfo Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Clancy Company for the month of April. Gross profit