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Cecconi Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials (in March) Direct labor (in
Cecconi Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 31,200 $38,300 22,200 11,100 19,100 9,550 137,200 89,400 223,300 155,500 $ 101,100 106,100 Finished (sold) Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $85,500. b. Raw materials purchases in April are $502,200, and total factory payroll cost in April is $375,100. c. Actual overhead costs incurred in April are indirect materials, $51,100; indirect labor, $24,100, factory rent, $33,100 factory utilities, $20,100; and factory equipment depreciation, $53,200. d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $620,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list View journal entry worksheet No Date Account Title Debit Credit 1 April 30 Raw materials inventory Accounts payable 2 April 30 Work in process inventory Raw materials inventory 3 April 30 Work in process inventory Cash 4 April 30 Factory overhead 5 April 30 No Transaction Recorded 6 April 30 No Transaction Recorded < Requirement General Ledger >
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