Saved GL1501 - Based on Problem 15-1A Marcelino Company LO C2, P1, P2 Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,00 $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The pre labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on Job 306 Job 307 Job 308 $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 85,000 ? Finished (sold) 220,000 150,000 ? Finished (unsold) $100,000 105,000 ? In process Complete this question by entering your answers in the tabs below. View transaction list Journal entry worksheet a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Dates: Mar 31 to: Apr 30 General Ledger Account Cash Accounts receivable, net Debit Credit No. Debit Credit No. Date Mar 31 Balance 450,000 Date Mar 31 Balance 180,000 Raw materials inventory Debit Credit Work in process inventory Debit Credit No. No. Date Mar 31 Balance 80,000 Date Mar 31 Balance 121,000 Factory Equipment Debit Credit No. Date No. Balance 510,000 Accumulated depreciation - Factory equipment Date Debit Credit Balance Mar 31 153,000 Mar 31 Accounts payable Debit Credit Common stock, $5 par value Debit No. No. Date Mar 31 Credit Balance 45,000 Date Mar 31 Balance 250,000 Paid-in capital in excess of par. Common Date Debit Credit Balance Mar 31 150,000 Retained earnings Debit Credit No. No. Date Mar 31 Balance 743,000 which account in the ledger should include the job's costs as of April 30. Dates: Mar 31 to: Job 306 Job 307 Job 308 April Total Beginning Work in Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process inventory 29,000 $ 20,000 10,000 59,000 35,000 18,000 9,000 62,000 $ 121,000 $ Costs added in April Direct m ials Direct labor Applied overhead Total costs added in April 135,000 $ 85,000 220,000 150,000 100,000 105,000 455,000 340,000 0 795,000 220,000 370,000 205,000 $ Total cost of jobs At the end of April, indicate which account should include each job's costs. Prev 1R 10 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare a schedule of cost of goods manufactured for Marcelino Company for the month of April. Dates: Mar 31 to: Apr 30 MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Prev 18 of 18 Next Applied overhead Status on April 30 ? Finished (sold) Finished (unsold) ? In process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Marcelino Cor the month of April. Dates: Mar 31 to: Apr 30 0 0 Gross profit