Question: Plz Help! Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following 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. Additional Information a. Raw Materials lnventory has a March 31 balance of $85.000. b. Raw materials purchases in April are $570.000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $21,000; factory rent, $39,000; factory utilies, $23,000; and factory equipment depreciation, \$62,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. Problem 2-2A (Algo) Part 5 5-a. Compute gross profin for April 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Completw this question by entering your answers in the tabs below. Compute grast profit for Apria
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