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any help on solving job 307 and 308? Thanks Required information The following information applies to the questions displayed below] Marcelino Co's March 31 inventory

any help on solving job 307 and 308? Thanks image text in transcribed
Required information The following information applies to the questions displayed below] Marcelino Co's March 31 inventory of raw materials is $87.000. Raw materials purchases in April are $550,000, and facto payroll cost in April is $380,000. Overhead costs incurred in April are: Indirect materials, $54,000: Indirect labor, $28,000 factory rent, $37.000; factory utilities, $21000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655.000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 26,000 $1,000 13.000 22,000 11.000 6.500 Direct labor Applied overhead costs during April Direct material Direct labor Applied overhand status on April 10 130,000 101,000 200.000 150,000 ? Pinhed unsold) $105,000 101.000 2 In proce inihad (sold) Required: 1. Determine the total of each production cost incurred for April (direct fabor, direct materials, and applied overhead), and the total assigned to each Job (including the balonces from March 31). Jo 300 Job 307 Job 10 April From March Direct Materials Direct Labor Apped overhead Bonning opods in roce 20,000 22.000 11.000 50.000 41.000 13.000 6,500 00 500 5 57.000 35.000 17.500 119.500 Required information The following information applies to the questions displayed below] Marcelino Co's March 31 inventory of raw materials is $87.000. Raw materials purchases in April are $550,000, and facto payroll cost in April is $380,000. Overhead costs incurred in April are: Indirect materials, $54,000: Indirect labor, $28,000 factory rent, $37.000; factory utilities, $21000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655.000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 26,000 $1,000 13.000 22,000 11.000 6.500 Direct labor Applied overhead costs during April Direct material Direct labor Applied overhand status on April 10 130,000 101,000 200.000 150,000 ? Pinhed unsold) $105,000 101.000 2 In proce inihad (sold) Required: 1. Determine the total of each production cost incurred for April (direct fabor, direct materials, and applied overhead), and the total assigned to each Job (including the balonces from March 31). Jo 300 Job 307 Job 10 April From March Direct Materials Direct Labor Apped overhead Bonning opods in roce 20,000 22.000 11.000 50.000 41.000 13.000 6,500 00 500 5 57.000 35.000 17.500 119.500

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