GLO201 - Based on Problem 02-1A Marcelino Company LO C2, P1, P2, P3, P4 Marcelino Co's March 31 Inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payro cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of dire labor cost. Job 306 is sold for $635,000 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 $ 29,000 $ 35,000 Direct labor 20,000 18,000 Applied overhead 10,000 9,000 costs during April Direct materials 135,000 220,000 $100,000 85,000 150,000 105,000 Applied overhead Finished Finished Status on April 30 (sold) (unsold) process Direct labor 2 ? ? In Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Job 306 Job 307 Job 308 $ 29,000 2e, 600 10,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 $ 35,000 18,000 9,000 135,000 85,000 220,000 150,000 ? Finished (unsold) Finished (sold) $100,000 105,000 ? 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 Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 2 3 67 8 13 c. Record direct labor paid and assigned to Work in Process Inventory. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods MfG Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet e. Record overhead costs applied to Work in Process Inventory. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Factory overhead 23.000 1 of 1 Complete this question by entering your answers in the tabs below. Requirement General General Journal Ledger Trial Balance Job Costs Prepare journal entries for the month of April's transactions. Cost of Goods Mfg Gross Profit View transaction list Journal entry worksheet 12. Record the cost of factory utilities paid in cash. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 14. Record the cost of factory rent, paid in cash, Note: Enter debits before credits Date Account Title Debit Credit Apr 30 omplete this question by entering your answers in the tabs below. quirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Pro epare journal entries for the month of April's transactions. View transaction list Journal entry worksheet g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet h. Record the cost of goods sold for Job 306. Note: Enter debits before credits Date Account Title Apr 30 Debit Credit Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross P Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet