Required Information Problem 2-2A (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 38 Additional Information Job 306 Job 387 $30,000 23,000 11,588 $43,000 13,000 6,500 139,800 105,000 285,000 150,000 $ 115, 103,000 P Finished (sold) Finished (unsold) In process e. Raw Materials Inventory has a March 31 balance of $89.000. 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, $55,000, indirect labor, $24,000, factory rent. $33,000. factory utilities, $22,000, and factory equipment depreciation, $55,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April Problem 2-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 March Direct materials Direct labor 5 30.000 $ 43.000 23.000 13.000 Overhead applied 11,500 6,500 Work in process, beginning April Direct materials Direct labor S 62,500 $ 205.000 150.000 Job 308 April Total S 62.500 130,000 105,000 115,000 103,000 450,000 358,000 Overhead applied Costs added in April Total costs 0 244.000 355,000 218,000 817.000 S Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in