GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Drake Company shows the following costs for three jobs worked on in April Job 306 Job 307 Job 388 $ 33,888 24,800 12,400 $ 42,200 20,400 10,200 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 139,800 94,600 227,200 162,000 $ 102,400 107,400 2 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $92,000 b. Raw materials purchases in April are $504,800, and total factory payroll cost in April is $389.400. c. Actual overhead costs incurred in April are indirect materials, $52,400; indirect labor $25.400 factory rent $34.400; factory utilities, $21.400; and factory equipment depreciation, $55,800. d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $650,000 cash in April Complete this question by entering your answers in the tabs below. Jou ro Prepare journal entries for the month of April's transactions, ello View transaction list ASK Journal entry worksheet Print 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 Prepare a schedule of cost of goods manufactured for Drake Company for the month of April. DRAKE COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Gross Profit