Required information Problem 19-2A (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 Inventory has a March 31 balance of $80,800. b. Raw materials purchases in April are $502,000, and total factory payroll cost in April is $365,000. c. Actual overhead costs incurred in April are indirect materials, $50,500; indirect labor, $23,500; factory rent, $32,500; factory utilities, $19,500; and factory equipment depreciation, $51,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $637,000 cash in April. Problem 19-2A (Algo) Part 4 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. 3. Prepare journal entries for the month of April to record the above transactions. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Compute gross profit for April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Show how the three inventory accounts are reported on the April 30 balance sheet. Determine the predetermined overhead rate for the year. Complete this question by entering your answers in the tabs below. Determine the overhead applied to each of the six jobs during the year. Complete this question by entering your answers in the tabs below. Determine the over- or underapplied overhead at the year-end. Complete this question by entering your answers in the tabs below. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end. Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. Note: Enter debits before credits. Required information Problem 19-2A (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 Inventory has a March 31 balance of $80,800. b. Raw materials purchases in April are $502,000, and total factory payroll cost in April is $365,000. c. Actual overhead costs incurred in April are indirect materials, $50,500; indirect labor, $23,500; factory rent, $32,500; factory utilities, $19,500; and factory equipment depreciation, $51,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $637,000 cash in April. Problem 19-2A (Algo) Part 4 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. 3. Prepare journal entries for the month of April to record the above transactions. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Compute gross profit for April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Show how the three inventory accounts are reported on the April 30 balance sheet. Determine the predetermined overhead rate for the year. Complete this question by entering your answers in the tabs below. Determine the overhead applied to each of the six jobs during the year. Complete this question by entering your answers in the tabs below. Determine the over- or underapplied overhead at the year-end. Complete this question by entering your answers in the tabs below. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end. Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. Note: Enter debits before credits