Byrnes Company shows the following costs for three jobs worked on in April.

Addltional Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$84,500.$

b$.$ Raw materials purchases in April are $$501,800,$ and total factory payroll cost in April is $$372,900.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$50,900$; indirect labor, $$23,900$; factor

$$32,900$; factory utilities, $$19,900$; and factory equipment depreciation, $$52,800.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$610\mathrm{.}000$ cash in April.

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Prepare journal entries for the month of April's transactions.

Journal entry worksheet

a$.$ Record the purchase of materials $($on credit$).$

Note: Enter debits before credits. $\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,Job Costs,$\backslash$table$[[$Cost of Goods$],[$Mfg$]],$Gross Profit$]]$

Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop$-$do which account in the ledger should include the job's costs as of April $30.$

$\backslash$table$[[$Beginning Work in Process $($March costs$),$Job $306,$Job $307,$Job $308,$April Total$],[,,,,,],[$Direct materials,$$,30,800,$$$,37,700,,,],[$Direct labor,,$21,800,,18,900,,,],[$Overhead applied,,$10,900,,9,450,,,],[$Total Beginning Work in Process inventory,,$63,500,,66,050,,$$$,129,550],[$Costs added in April$],[$Direct materials,$$,136,800,$$$,222,700,100,900,,460,400],[$Direct labor,,$88,600,,154,500,105,900,,349,000],[$Overhead applied$],[$Total costs added in April$],[$Total cost of jobs$],[\backslash$table$[[$At the end of April, indicate which account should$],[$include each job's costs.$]],,,,,,,]]\backslash$table$[[$BYRNES COMPANY,,$],[$Schedule of Cost of Goods Manufactured,,$],[,$For Month Ended April $30,],[,,],[,,],[$Total manufacturing costs added during April,,$],[,,],[$Total cost of work in process,,$],[,,],[,,]]$ o$.$ Raw Materials Inventory has a March $31$ balance of $$84,500.$

b$.$ Raw materials purchases in April are $$501,800,$ and total factory payroll cost in April is $$372,900.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$50,900$; indirect labor, $$23,900$; factory rent,

$$32,900$; factory utilities, $$19,900$; and factory equipment depreciation, $$52,800.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$610,000$ cash in April.

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Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Byrnes Company for the

month of April.