Its not long and time consuming as it looks.

! Required information Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $23,000; factory rent, $33,000; factory utilities, $24,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 26,000 22,000 11,000 $ 37,000 16,000 8,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead 138,000 100,000 ? Finished (sold) 205,000 152,000 ? Finished (unsold) $100,000 104,000 ? In process Status on April 30 Problem 19-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials $ 26,000 $ 63,000 37,000 16,000 Direct Labor 22,000 38,000 Applied overhead 11,000 8,000 19,000 Beginning goods in process For April Direct Materials 138,000 443,000 205,000 152,000 100,000 104,000 Direct Labor 100,000 356,000 Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: Finished (sold) Finished (unsold) In process Journal entry worksheet 1 2 3 4 5 6 7 8. 13 > Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet Record the direct materials used in production. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general journal Journal entry worksheet Record the cost of factory utilities, paid in cash. Note: Enter debits before credits. General Journal Debit Credit Transaction f(2) Record entry Clear entry View general journal Journal entry worksheet Record depreciation on factory equipment. Note: Enter debits before credits. General Journal Debit Credit Transaction f(3). Record entry Clear entry View general journal Journal entry worksheet Record the Cost of goods sold for Job 306. Note: Enter debits before credits. General Journal Debit Credit Transaction h. Record entry Clear entry View general journal Journal entry worksheet 1 6 7 8 9 10 11 12 13 Record the revenue from the sale of Job 306. Note: Enter debits before credits. General Journal Debit Credit Transaction i. Record entry Clear entry View general Journal Journal entry worksheet