Required information

Problem $19-2$A $($Algo$)$ Computing and recording Job costs; preparing schedule of cost of goods manufactured LO P$1,$ P$2,$ P$3,$ P$4$

$[$The following information applies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in Aprill.

$\backslash$table$[[,$Job $306,$Job $307,$Job $308],[$Balances on March $31,,,],[$Direct materlals used $($in March$),$$ $32,200,$$ $38,200,],[$Direct labor used $($in March$),23,200,21,200,],[$Overthead applied $($March$),13,200,12,200,],[$Costs during April,,,$],[$Direct materials used,$143,600,228,090,$$$108,000113,000],[$Direct labor used,$88,206,158,000?,113,800?],[$Overhead applied,Finished $($s$$ld$),$Finished $($unsold$),$In process$]]$

Additional Information

a$.$ Raw Materlals Inventory has a March $31$ balance of $$83,200.$

b$.$ Raw materlals purchases in April are $$508,000,$ and total factory payroll cost In April is $$371,000.$

c$.$ Actual overhead costs incurred in April are Indirect materials, $$52,000$; Indirect labor, $$25,000$; factory rent, $$34,000$; factory utilitles, $$21,000$; and factory equipment depreclation, $$53,000.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$643,000$ cash in April.

Problem $19-2$A $($Algo$)$ Part $5$

$5-$a$.$ Compute gross profit for April.

$5-$b$.$ Show how the three inventory accounts are reported on the April $30$ balance sheet.

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Req $5$ A

Req $5$ $

Show how the three inventory accounts are reported on the April $30$ balance sheet.

$\backslash$table$[[$Inventories$],[$Raw materials$],[$Work in process$],[$Finished goods$],[$Total inventories$]]$