GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Smith Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 29, 200 $ 35,300 Direct labor ( in March) 20, 200 18, 100 Applied overhead (March) 10, 100 9,050 look Costs during April Direct materials 135, 200 220, 300 $ 100, 100 Direct labor 85, 400 150,500 105, 120 Applied overhead ? int Status on April 30 Finished Finished In process ences (sold) (unsold) Additional Information a, Raw Materials Inventory has a March 31 balance of $80,500. b, Raw materials purchases in April are $500,200, and total factory payroll cost in April is $364,100 c, Actual overhead costs incurred in April are indirect materials, $50,100; indirect labor, $23,100; factory rent, $32,100; factory utilities, $19,100; and factory equipment depreciation, $51,200 d, Predetermined overhead rate is 50% of direct labor cost. e, Job 306 is sold for $590,000 cash in April