Chapter 19

Required information Problem 19-1A Production costs computed and recorded: reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below Marcelino Co's March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor $25,000; factory rent, $34,000; factory utilities, $24,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $670,000 cash in April. Costs of the three jobs worked on in April follow Job 306Job 307 Job 308 Balances on March 3 Direct material Direct Labor 31,000 43,000 25,000 1275009,500 19,000 Applied overhead Costa during Aprli 135,000 101,000 215,000 $110,000 155,000 104.000 Direct materials Direct labor Applied overhead Status on April 30 Pinished Finished (unsold)process Tn (sold)