View transaction list Journal entry worksheet Required information View transaction list Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet Required information Problem 19-1A 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 $85,000. Raw materials purchases in April are $500,000, and factory payroll cost in Aprilis $386,000. Overhead costs incurred in April are: indirect materials. $56,000, indirect labor, $29.000; factory rent, $31.000; factory utilities, $23,000, and factory equipment depreciation, $58,000. 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 $ 26,000 20, Bee 10,000 40,00 19,800 9,500 . Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead 132,cee 164, eee 220,000 15e,eee $1ea,eee 103,eee Status on April 30 Finished (sold) Finished (unsold) process Problem 19-1A Part 2 - a. Materials purchases (on credit). b. Direct materials used in production.