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Acct 202... idk what the raw materials or gross profit might be, plz explain this to me! Required information [The following information applies to the

Acct 202... idk what the raw materials or gross profit might be, plz explain this to me! image text in transcribed
image text in transcribed
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Required information [The following information applies 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 April are indirect materials. S $23,000; factory rent, $32,000; factory utilities, $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 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. Job 306 Job 388 $ 29,600 20,000 10,000 Job 307 $ 35,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 220,000 150,000 $100,000 105,000 135,000 85,000 ? Finished (sold) Finished (unsold) In process 4-. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet. * Answer is complete but not en Complete this question by entering your answers in the tabs belov Required 4A Required 4B Compute gross profit for April. Gross profit $ 764.500 X * Answer is complete but not Complete this question by entering your answers in the tabs bel Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials $ Work in process Finished goods Total inventories $ 130,000 X 257,500 507.000 894,500

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