1 Strods Company shows the following costs for three jobs worked on in April. 3 points eBook Print References Balances on March 31 Direct materials (in March) Direct labor (in March). Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 32,000 23,000 11,500 $ 39,500 19,500 9,750 138,000 91,000 ? Finished (sold) 224,500 157,500 ? Finished (unsold) $ 101,500 106,500 ? In process a. Raw Materials Inventory has a March 31 balance of $87,500. b. Raw materials purchases in April are $503,000, and total factory payroll cost in April is $379,500. c. Actual overhead costs incurred in April are indirect materials, $51,500; indirect labor, $24,500; factory rent, $33,500; factory utilities, $20,500; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $630,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit Mfg General Journal tab - Prepare journal entries to record the transactions of Strods Company during the month of April. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Job Costs tab - Calculate the total cost, and account classification for each job worked on during April. Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Strods Company during the month of April. Gross Profit tab - Calculate the gross profit on the sale of job(s) during April.