1 15 points ebook Panzarella Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials (in Harch) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead A Status on April 30 Additional Information Job 3061 Job 307 Job 308 $34,000 25,600 12,000 $ 43,400 20,800 10,400 140,600 96,200 228,400 164,000 $ 102,800 107,000 Finished (sold) Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $94,000 b. Raw materials purchases in April are $505,600, and total factory payroll cost in Apni is $393,800. c. Actual overhead costs incurred in April are indirect materials, $52.800 indirect labor, $25,800, factory rent, $34,800; factory utilities. $21,800, and factory equipment depreciation, $56,600 d. Predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $660,000 cash in April Complete this question by entering your answers in the tabs below. Requirement General General Trista Book Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Ask Prepare journal entries for the month of April's transactions. Print erences View transaction list View journal entry worksheet No Date Account Title 1 April 30 Raw materials inventory Debit 505.600 Credit Accounts payable 505,600 2 April 30 Work in process inventory Raw materials inventory Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, which account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total Beginning Work in Process (March costs) ook Direct materials $ 34,600 $ 43.400 Ask Print Direct labor 25,600 20,800 Overhead applied 12,800 10,400 Total Beginning Work in Process inventory 73,000 74,600 S 147,600 erences Costs added in April Direct materials Direct labor $ 140,600 $ 228,400 102,800 471.800 96,200 164,000 107,800 368,000 Overhead applied Total costs added in April Total cost of jobs 0 236,800 392,400 210.600 $ 839,800 At the end of April, indicate which account should include each job's costs Temi Palanca Cost of Goods Mfg. 1 Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit oints Prepare a schedule of cost of goods manufactured for Panzarella Company for the month of April. PANZARELLA COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 eBook Ask Print References Total manufacturing costs added during April Total cost of work in process 15 points utilities, $21,800; and factory equipment depreciation, $56,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April. Complete this question by entering your answers in the tabs below. eBook Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Ask Print References Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Panzarella Co the month of April. Gross profit