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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 Dob 307 $ 29,00 24.000 12.000 5.43,000 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. 102,000 220.000 151.000 $ 115,000 104.000 Finished sold) fiindshed old) 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 actory payroll cost in April is $378.000. c. Actual overhead costs incurred in April are indirect materials $55.000. Indirect labor $21000: 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 3 o. Materials purchases (on credit) b. Direct materials used c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory d. Indirect materials used and assigned to Factory Overhead e. Indirect laborused (and paid in cash) and assigned to Factory Overhead f. Overhead costs applied to Work in Process Inventory 9. Actual other overhead costs incurred (Factory rent and utilities are paid in cash) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory NA ADVOKATLI HA PASHAHH ** in Required information uvernead costs applied to work in Process inventory. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) - Transfer of Jobs 306 and 307 to Finished Goods Inventory Cost of goods sold for Job 306. Revenue from the sale of Job 306 received in cash Close underapplied or overapplied overhead to the Cost of Goods Sold account. . Prepare journal entries for the month of April to record the above transactions. View transaction list Journal entry worksheet 1 2 5 6 .... 11 Record the entry for material purchased on credit Note: Enter debits before credits. Transaction General Journal Debit Credit Raw materials inventory Accounts payable Record entry Clear entry View general journal