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5 Part 4 of 5 16.66 points Required information Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured
5 Part 4 of 5 16.66 points Required information Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Skipped Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) eBook Costs during April Direct materials used Overhead applied Ask Print References Direct labor used Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 33,800 $ 39,800 24,800 14,800 22,800 13,800 147,000 89,800 ? Finished (sold) 232,000 $112,000 162,000 117,000 ? Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $84,800. b. Raw materials purchases in April are $512,000, and total factory payroll cost in April is $375,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $26,000; factory rent, $35,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $647,000 cash in April. Problem 15-2A (Algo) Part 4 5 mrt 4 of 5 a. Raw Materials Inventory has a March 31 balance of $84,800. b. Raw materials purchases in April are $512,000, and total factory payroll cost in April is $375,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $26,000; factory rent, $35,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $647,000 cash in April. 66 ints Skipped eBook Ask Problem 15-2A (Algo) Part 4 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Print Total manufacturing costs References Total cost of work in process Cost of goods manufactured 0 0 $ 0
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