Question: this is a 4 part question please solve! Required information Problem 15-2A (Algo) Computing and recording job costs: preparing schedule of cost of goods manufactured

this is a 4 part question please solve!
this is a 4 part question please solve! Required information Problem 15-2A
(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. Job 306 $ 25,000 23,000 11,500 Salances on
March 31 Direct materials used (in March) Direct labor used (in March)

Required information Problem 15-2A (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. Job 306 $ 25,000 23,000 11,500 Salances 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 30 136,000 103,000 > Finished (sold) Job 307 $ 40,000 17,000 8,500 210,000 151,000 Finished (unsold) Job Des $ 105,000 104,000 In process Additional Information a. Raw Materials Inventory has a March 31 balance of $81,000 b. Raw materials purchases in April are $540,000, and total factory payroll cost in April is $380,000 c. Actual overhead costs incurred in April are indirect materials, $56,000, indirect labor. $22.000; factory rent. $35,000. factory utilities, $23,000; and factory equipment depreciation, $58,000. d. Predetermined overhead rate is 50% of direct labor cost. e, Job 306 is sold for $690,000 cash in April Problem 15-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). March Direct materials Direct labor Overhead applied Work in process, beginning Aprill Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: S Job 306 25,000 23,000 11,500 136,000 103,000 239,000 Finished (sold) $ Job 307 40,000 17.000 8.500 210.000 151.000 361,000 Finished (unsold) Job 308. In process 105,000 104,000 209,000 April Total S $ 0 451,000 358,000 0 809,000 0 e. 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 L 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 View transaction list Journal entry worksheet Record the entry for material purchased on credit Not Enter dettsberec 5 67 Transaction General Journal 5 ***** 11 Debit Credit Problem 15-2A (Algo) Part 4 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0 0 0 Problem 15-2A (Algo) Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Reg SA Req 5B Compute gross profit for April. Gross profit Ron SA Req 5B > 5-a. Compute gross profit for April 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Reg SA Reg 58 Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories $ 0

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