ch19 instructior Questions 12 - 15 (of 23) E Save & Exit [The following information applies to the questions displayed below.) Winfrey Co.'s March 31 Inventory of raw materials is $150,000. Raw materials purchases in April are $400,000, and factory payroll cost in April is $220,000. Overhead costs incurred in April are: Indirect materials, $30,000; Indirect labor. $14,000; factory rent, $20 poo; factory utilities, $12,000; and factory equipment depreciation, $30,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $380,000 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 $ 14,000 $ 18,000 Direct labor 18,000 16,000 Applied overhead 9,000 8,000 Costs during April Direct materials 100,000 170,000 $ 80,000 Direct labor 30,000 56,000 120,000 Applied overhead Status on April 30 Finished (sold) Finished (unsold in process Required info 12. 10.00 points Required Informat 3. Prepare a manufacturing statement for April (use a single line presentation for direct materials and show the details of overhead cost). (Amounts to be deducted should be indicated with a minus sign. Omit the "S" sign in your response.) WINFREY COMPANY Manufacturing Statement For Month Ended April 30 Direct materials used 350000 Direct labor used 206000 Factory overhead Indirect materials Indirect labor Factory utilities 30,000 14,000 12,000 20,000 30,000 Factory rent Depreciation of equipment 106000 662000 Total manufacturing costs Add: Goods in process, March 31 83000 745000 Total cost of goods in process Deduct: Goods in process, April 30 Deduct: Underapplied overhead Cost of goods manufactured