Required information Problem 15-2A (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 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) $ 27,000 Overhead applied (March) 23,000 11,500 $ 44,000 14,000 7,000 132,000 102,000 2 Finished Finished (sold) 210,000 $ 115,000 151,000 104,000 2 In process (unsold) Costs during April Direct materials used Direct labor used Overhead applied Status on April 301 Additional Information a. Raw Materials Inventory has a March 31 balance of $81,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $382,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $25,000; factory rent, $39,000; factory utilities, $23,000; and factory equipment depreciation, $62,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. View transaction list Journal entry worksheet < 5 6 7 8 9 10 11 Record the revenue from the sale of Job 306 received in cash. Note: Enter debits before credits. Transaction j. General Journal Debit Credit Record entry Clear entry View general Journal entry worksheet < 4 5 6 7 8 9 10 10 Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. Transaction k. General Journal Debit Credit Record entry Clear entry View gener