Please answer part 1 and 2

Required information Problem 2-2A (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. Job 306 Job 307 Job 388 $ 29,000 24,000 12,000 $ 43,000 14,000 7,000 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 130,000 102,000 220,000 151,080 ? Finished (unsold) $ 115,000 104,000 ? Finished (sold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $86.000 b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $378,000 c. Actual overhead costs incurred in April are indirect materials, $55.000, indirect labor, $21,000; factory rent, $33,000: factory utilities, $20,000; and factory equipment depreciation $53,000 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $660,000 cash in April Problem 2-2A (Algo) Part 1 Required: 1. Determine the amount of overhead applied to each job in April 305 307 301 April Total c. Actual overhead costs factory utilities, $20,000; and factory equipment depreciation, $53,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April. Problem 2-2A (Algo) Part 1 Required: 1. Determine the amount of overhead applied to each job in April. 306 307 308 April Total $ 0.50 0.50 Predetermined overhead rate Overhead applied 0.50 0.50 d. Raw IV ventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $21.000; factory rent $33,000 factory utilities, $20,000, and factory equipment depreciation, $53,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April Problem 2-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total S $ 43.000 29,000 24,000 12.000 14.000 7.000 $ 0 March Direct materials Direct labor Overhead applied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: 465,000 130,000 102,000 220,000 151,000 115,000 104.000 337.000 0 232,000 371,000 219,000 822,000 $ 0 Finished (sold) Finished (unsold) In process