Question: 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
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 $87,200. b. Raw materials purchases in April are $518,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $54,500; indirect labor, $27,500; factory rent, $36,500; factory utilities, $23,500; and factory equipment depreciation, $55,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $653,000 cash in April
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