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Required information [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 $86,000, b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs incurred in April are indirect materials, $57,000; indirect labor, $23,000; factory rent, $39.000; factory utilities, $25,000; and factory equipment depreciation, $64.000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $695,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30 , Required information [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 $86,000. b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs incurred in April are indirect materials, $57,000; indirect labor, $23,000; factory rent, $39,000; factory utilities, $25,000; and factory equipment depreciation, $64,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $695,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Required information [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 $86,000. b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $378,000. c. Actual overhead costs incurred in April are indirect materials, $57,000; indirect labor, $23,000; factory rent, $39,000; factory utilities, $25,000; and factory equipment depreciation, $64,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $695,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance she Answer is not complete. Complete this question by entering your answers in the tabs belc Compute gross profit for April. Show how the three inventory accounts are reported on the April 30 on credit. 2 Record the direct materials used in production. 3 Record the direct labor (paid in cash). 4 Record the indirect materials used. 5 Record the indirect labor (paid in cash). 6 Record the application of overhead costs. 7 Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) 8 Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. 9 Record the cost of goods sold for Job 306. Journal entry worksheet 7 Record the entry for material purchased on credit. Note: Enter debits before credits. Journal entry worksheet