Question: manufectured LO P 4 , P 2 , P 3 , P 4 [ The following infornotion applies to the questions disployed below ] Marco

manufectured LO P4, P2, P3, P4
[The following infornotion applies to the questions disployed below]
Marco Company shows the following costs for three jobs worked on in ApriL
\table[[,14t sas,Tot 307,106308],[Bolances on Nirch 31],[airect nuterinls used (in kirch),397,680,$ 43,099,],[birect Labor used (in warch),28,890,26,999,],[Dwerhead spplind (Hirch),18.890,17,999,],[Casts during April],[ofrect materials used,155,986,240,999,8128,000],[Alrect lisbor used,98,980,170,999,125, tad],[averhasd applied,9,9,?],[Status on April 90,\table[[Finished],[(sold)]],\table[[Finished],[(unsold)]],In pracess]]
Additional Information
a. Raw Moterials Inventery has a March 31 balance of $98,000.
b. Raw materials purchases in April are $520000 and totd factory payroll cost in Aoril is $380,000. foctary utilites, $24,000 and fictory esulpment deprisciation, $56,000
d. Predetermined cvethesd rate is 50% of direct lator cast.
c. Job 306 is sold for $655,000 cash in April.
Problem 2-2A (Algo) Part 5
5-a. Compute gross profit for April.
S.b. Show how the three inventory accounts are reported on the April 30 balance stect.
Complete this question by entering your answers in the tabs below.
Theq 5s
lea 5B
Compute gross prati tar Apti:
Chasispett
\table[[Ginces on Narch 31,,,,],[oirect nuterials used (in karch),837,990,& 43,999,,],[,28,860,26,909,,],[\table[[overhead agplied (Farchy],[cosks dering April]],18,990,17,999,,],[oirect naterinis used,155.800,340.999,a:,128.00],[birect Istor used,93,800,\table[[240,290],[270,999]],13,\table[[120,600],[125,06a
 manufectured LO P4, P2, P3, P4 [The following infornotion applies to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!