Question: Please help with this Managerial Accounting question. Thank you. Required information {The following infarrrJaan applies to the questions displayed below-r1] Marcelino C035 March 31 inventory

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Please help with this Managerial Accounting question. Thank you.




Required information {The following infarrrJaan applies to the questions displayed below-r1] Marcelino C035 March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $22,000; factory rent, $34,000; factor}.I utilities, $21,000; and factor}.I equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 30? Job 300 Balances on March 31 Direct materials $ 26,000 $ 41,000 Direct labor 23,000 10,000 Applied overhead 11,500 9,000 Costs during April Direct materials 132,000 210,000 $115,000 Direct labor 104,000 152,000 103,000 Applied overhead ? ? ? Finished Finished In Status on April 30 {sold} {unsold} process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured\fShow how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories $ 0
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