Journal entry worksheet (1) 44 6 7 Note: Enter debits before credits. 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 April. Additional Information a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $520,000, and total factory payrcill cost in April is $383,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $28,000; factory rent, $37,000; factory utilities, $24,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Journal entry worksheet Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Journal entry worksheet 5 Note: Enter debits before credits. Journal entry worksheet 2 Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Journal entry worksheet (1) 2 Note: Enter debits before credits. Journal entry worksheet (1) ,4 . 7 8 Record the revenue from the sale of Job 306 received in cash. Note: Enter debits before credits. Journal entry worksheet 56 Record the direct materials used in production. Note: Enter debits before credits. Journal entry worksheet Record the entry for material purchased on credit. Note: Enter debits before credits. Journal entry worksheet 1456789 Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits