Journal entry worksheet Journal entry worksheet 1 ..... 6 7 8 9 10 13 Record the Cost of goods sold for Job 306. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet 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 $85,000. Raw materials purchases in April are $500,000, and factory payroll cost in Aprilis $386,000. Overhead costs incurred in April are: indirect materials. $56,000, indirect labor, $29.000; factory rent, $31.000; factory utilities, $23,000, and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April Costs of the three jobs worked on in April follow. Job 386 Job 387 Job 388 $ 26,000 20, Bee 10,000 40,00 19,800 9,500 . Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead 132,cee 164, eee 220,000 15e,eee $1ea,eee 103,eee Status on April 30 Finished (sold) Finished (unsold) process Problem 19-1A Part 2 - a. Materials purchases (on credit). b. Direct materials used in production. Required information a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory. h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not materiali 2. Prepare journal entries for the month of April to record the above transactions. View transaction list ces Journal entry worksheet