Question: help thx Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information

![following information applies to the questions displayed below.] Marco Company shows the](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/67193a5ce39bc_58867193a5c87f07.jpg)
Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in Aprit. Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $540,000, and total factory payroll cost in April is $383,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. Complete this question by entering your answers in the Compute gross profit for April. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Inventories } \\ \hline Raw materials & \\ \hline Work in process & \\ \hline Finished goods & \\ \hline Total inventories & $ \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
