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. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information Job 306 Problem 19-2A (Algo) Part 3 $ 30,600 21,600 11,600 139,000 86,600 ? Finished (sold) Job 307 $ 36,600 19,600 10,600 224,000 154,000 2 Finished (unsold) Job 308 $ 104,000 109,000 ? In process a. Raw Materials Inventory has a March 31 balance of $81,600. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is $367,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $639,000 cash in April. a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306. j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions.

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 applles 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 $81,600. b. Row materials purchases in April are $504,000, and total foctory payroll cost in April is $367,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $52,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for 5639,000 cash in April. Problem 19-2A (Algo) Part 3 a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and poid in cash) and assigned to Factory Overhead. f. Overhead costs appled to Work in Process inventory. 9. Actual other overheed costs incurred (Factory rent and utilies are paid in cash) h. Transfer of Jobs 306 and 307 to Finished Goods inventory. L. Cost of goods sold for Job 306 . 1. Revenue from the sale of Job 306 recelved in cash. k. Close underapplied or overapplied overheod to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions. Journal entry worksheet 234567811 Record the entry for material purchased on credit. Note: Enter debits before credits. Journal entry worksheet 56 Record the direct materials used in production. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Journal entry worksheet