Question: Problem 2 - 2 A ( Algo ) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P 1 , P

Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4
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Marco Company shows the following costs for three jobs worked on in April.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 32,200 $ 38,200
Direct labor used (in March)23,20021,200
Overhead applied (March)13,20012,200
Costs during April
Direct materials used 143,000228,000 $ 108,000
Direct labor used 88,200158,000113,000
Overhead applied ?question mark ?question mark ?question mark
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $83,200.
Raw materials purchases in April are $508,000, and total factory payroll cost in April is $371,000.
Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $25,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $53,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $643,000 cash in April.
Problem 2-2A (Algo) Part 4
4. Prepare a schedule of cost of goods manufactured for the month ended April 30.

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