ces Fisher 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 $ 34,800 25,800 12,900 140,800 96,600 ? Finished (sold) Job 307 $ 43,700 20,900 10,450 228,700 164,500 ? Finished (unsold) Job 308 $ 102,900 107,900 ? In process a. Raw Materials Inventory has a March 31 balance of $94,500. b. Raw materials purchases in April are $505,800, and total factory payroll cost in April is $394,900. c. Actual overhead costs incurred in April are indirect materials, $52,900; indirect labor, $25,900; factory rent, $34,900; factory utilities, $21,900; and factory equipment depreciation, $56,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April.

a. Record the purchase of materials (on credit). b. Record the direct materials used. 3 c. Record direct labor used (and paid in cash) and assigned to Work in Process Inventory. 4 d. Record the indirect materials used and assigned to Factory Overhead. 5 e. Record the indirect labor used (and paid in cash) and assigned to Factory Overhead. 6 f. Record the overhead costs applied to Work in Process Inventory. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{7}{|c|}{ Beginning Work in Procoss (March costs) }} & \\ \hline & & & & & & & \\ \hline Direct materials & $ & 34,800 & $ & 43,700 & & & \\ \hline Direct labor & & 25,800 & & 20,900 & & & \\ \hline Overhead applied & & 12,900 & & 10,450 & & & \\ \hline Total Beginning Work in Process inventory & & 73,500 & & 75,050 & & $ & 148,550 \\ \hline \multicolumn{8}{|l|}{ Costs added in April } \\ \hline Direct materials & $ & 140,800 & $ & 228,700 & 102,900 & & 472,400 \\ \hline Direct labor & & 96,600 & & 164,500 & 107,900 & & 369,000 \\ \hline Overhead applied & & & & & & & 0 \\ \hline Total costs added in April & & 237,400 & & 393,200 & 210,800 & $ & 841,400 \\ \hline \multicolumn{8}{|l|}{ Total cost of jobs } \\ \hline \begin{tabular}{l} At the end of Aprit, indicate which account should \\ include each job's costs. \end{tabular} & & & & & & & \\ \hline \end{tabular} Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Fisher Company for the month of April. 7 g. Record the actual other overhead costs incurred. (Factory rent and utilities are paid in cash.) 8 h. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. 9 i. Record the cost of goods sold for Job 306. 10j. Record the revenue from the sale of Job 306 received in cash. 11k. Record the close underapplied or overapplied overhead to the Cost of Goods Sold account. Fisher Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials inventory has a March 31 balance of $94,500. b. Raw materials purchases in April are $505,800, and total foctory payroll cost in April is $394,900. c. Actual overhead costs incurred in April are indirect materials, $52,900; indirect labor, $25,900; factory rent, $34,900; factory utilities, $21,900; and factory equipment depreciation, $56,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April