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Check my work 2 O Part 2 of 4 Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 (The following information apples to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $80,000 Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000 Overhead costs incurred in Aprilare: indirect materials, $50,000 indirect labor $23.000 factory rent $32.000, factory utrities, $19.000, and factory equipment depreciation, 551000 The predetermined overhead rate 50% of direct labor cost Job 306 is sold for $635.000 cash in April. Costs of the three jobs worked on in April follow points Job 361 3200 Teferences 29.000 20. 10.000 $ 25,000 18.000 9.00 Balance on Harch 1 Direct materials Direct labor Applied overbes Costa during Adel Direct Materiali Direction Applied overhead Status on April 135.00 35,000 220.000 150.00 $100,000 195,00 Pinted Fred od In process (rold Check my won 2 Problem 02-1A Part 2 Part 2 of 4 inte o. Materials purchases (on credit) b. Direct materials used in production c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead e. Overhead costs applied to Work in Process Inventory f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. J. Assignment of any underapplied or over applied overhead to the Cost of Goods Sold account. (The aitount is not material) eBook Print References 2. Prepare Journal entries for the month of April to record the above transactions View transaction list Journal entry worksheet 13 > Check my work 2 Required information Part 2 Journal entry worksheet Me GEN 54F Check my work 2 O Part 2 of 4 Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 (The following information apples to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $80,000 Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000 Overhead costs incurred in Aprilare: indirect materials, $50,000 indirect labor $23.000 factory rent $32.000, factory utrities, $19.000, and factory equipment depreciation, 551000 The predetermined overhead rate 50% of direct labor cost Job 306 is sold for $635.000 cash in April. Costs of the three jobs worked on in April follow points Job 361 3200 Teferences 29.000 20. 10.000 $ 25,000 18.000 9.00 Balance on Harch 1 Direct materials Direct labor Applied overbes Costa during Adel Direct Materiali Direction Applied overhead Status on April 135.00 35,000 220.000 150.00 $100,000 195,00 Pinted Fred od In process (rold Check my won 2 Problem 02-1A Part 2 Part 2 of 4 inte o. Materials purchases (on credit) b. Direct materials used in production c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead e. Overhead costs applied to Work in Process Inventory f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. J. Assignment of any underapplied or over applied overhead to the Cost of Goods Sold account. (The aitount is not material) eBook Print References 2. Prepare Journal entries for the month of April to record the above transactions View transaction list Journal entry worksheet 13 > Check my work 2 Required information Part 2 Journal entry worksheet Me GEN 54F