CHOLMy Wor 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 $88,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $51,000, indirect labor, $22,000; factory rent, $35,000; factory utilities, $25,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 387 Job 388 Balances on March 31 Direct materials Direct labor Applied overhead Costs during $ 30,000 21,000 10,500 $ 41,000 19,000 9,500 April 210,eee 151,000 $115,888 105,800 Direct 138,888 materials Direct labor 101,200 Applied overhead Status on April Finished 3e (sold) In Finished (unsold) process Problem 15-1A Part 2 2. Prepare journal entries for the month of April to record the above transactions. View transaction list Journal entry worksheet Record the cost of indirect materials used. Note: Enter debits before credits. Transaction General Journal Debit Credit f(1). Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the cost of factory utilities, paid in cash. Note: Enter debits before credits. General Journal Debit Credit Transaction f(2) Record entry Clear entry View general journal UL LUNUCLIUS. View transaction list Journal entry worksheet Record the cost of factory rent, paid in cash. Note: Enter debits before credits. General Journal Debit Credit Transaction f(4). Record entry Clear entry View general journal View transaction list Journal entry worksheet