Marco Company shows the following costs for three jobs worked on in April. Job 3 0 6
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Question:
Marco Company shows the following costs for three jobs worked on in April.
Job Job Job
Balances on March
Direct materials used in March $ $
Direct labor used in March
Overhead applied March
Costs during April
Direct materials used $
Direct labor used
Overhead applied question mark question mark question mark
Status on April Finished sold Finished unsold In process
Additional Information
Raw Materials Inventory has a March balance of $
Raw materials purchases in April are $ and total factory payroll cost in April is $
Actual overhead costs incurred in April are indirect materials, $; indirect labor, $; factory rent, $; factory utilities, $; and factory equipment depreciation, $
Predetermined overhead rate is of direct labor cost.
Job is sold for $ cash in April.
a Compute gross profit for April.
b Show how the three inventory accounts are reported on the April balance sheet. Raw materials, Work in process, finished goods
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