Cecconi Company shows the following costs for three jobs worked on in April. Job 386 Job 307 Job 308 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 $ 51,000 42,000 29,400 157,000 129,000 $ 68,000 29,000 20,300 253,000 205,000 $ 122,000 116,000 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $135.000 b. Raw materials purchases in April are $640,000, and total factory payroll cost in April is $506,000. c. Actual overhead costs incurred in April are indirect materials, $97,000, indirect labor, $56,000; factory rent, $65,000; utilities, $41,000, and factory equipment depreciation, $106,000. d. Predetermined overhead rate is 70% of direct labor cost. e. Job 306 is sold for $910,000 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 1 April 30 Debit Credit Raw materials inventory Accounts payable 640,000 640,000 2 April 30 Work in process inventory Raw materials inventory 157.000 3 157.000 April 30 Work in process inventory Gross Profit Job Costs General Journal General Ledger Trial Balance Cost of Goods Mfg Requirement General Ledger Account Cash Accounts receivable, net Debit Credit No. No. Credit Debit Balance 224,000 Date March 31 Balance 560,000 Date March 31 Raw materials inventory Debit Credit Work in process inventory Debit Credit No. No. Date March 31 Date March 31 Balance 135,000 775,000 618,000 Balance 239.700 396,700 157.000 1 640,000 April 30 April 30 April 30 2 157,000 Factory Equipment Credit Accumulated depreciation Factory equipment Date Debit Credit Balance March 31 186,000 No. Debit No. Date March 31 Balance 620.000 Accounts payable Debit Credit No. No. Date March 31 April 30 Balance 67,000 707,000 Common stock, 65 par value Date Debit Credit March 31 Balance 261,000 1 640,000 Paid in capital in excess of par. Common Date Debit Credit March 31 Retained earnings Debit Credit No. No. Balance 161,000 Date March 31 Balance 1.103.700 Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Cecconi Company Trial Balance March 31, 2021 Account Title Debit Credit 2 $ 560,000 224 000 618,000 396,700 620.000 Cash Accounts receivable.net Raw materials inventory Work in process inventory Factory Equipment Accumulated depreciation - Factory equipment Accounts payable Common stock, $5 par value Paid in capital in excess of par - Common Retained earnings Total 186,000 707.000 261,000 161,000 1.103,700 2,418,700 S 2.418.700 5 General Requirement General Journal Cost of Goods Ledger Trial Balance Job Costs Mfg Gross Profit Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop- which account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total $ 51,000 $ 42,000 29.400 122.400 68,000 29,000 20,300 117,300 239.700 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April, indicate which account should include each job's costs $ $ 157.000 129,000 253,000 205,000 122,000 116,000 532,000 450,000 0 982,000 286,000 458,000 238 000 s 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 a schedule of cost of goods manufactured for Cecconi Company for the month of April. CECCONI COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process SA Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Cecconi the month of April. 0 0 Gross profit Cost of Goods Mfg Gross Prol