Saved Sul Homework i Help Save & Exit Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 (The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: Indirect materials, $54,000; Indirect labor, $29,000; factory rent, $39,000; factory utilities, $24,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 28,000 24,000 12,000 $ 44,000 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 30 131,000 102,000 220,000 155,000 $100,000 102,000 Finished (sold) Finished (unsold) process Required information Problem 15-1A Part 3 Part 3 of 3 3. Prepare a schedule of cost of goods manufactured. points 8 01:14:37 MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used Direct labor used Actual factory overhead Total manufacturing costs Add: Work in process March 31 Total cost of work in process Add: Work in process April 30 Cost of goods manufactured eBook