Check GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Smith Company shows the following costs for three jobs worked on in April Job 06 Job 107 Job 300 Balances on March 31 Direct materials (in March 5 29.200 $ 35,300 Direct Labor (in March) 20,200 30,100 Applied overhead (March) 10,100 9,050 Costs during April Direct materials 135,200 220,00 $ 100,100 Direct labor 85,400 150,00 105,100 Applied overhead 2 Finished Finished Status on April 30 (sold) (unsold) In process Additional Information a. Raw Materials inventory has a March 31 balance of $80.500 b. Raw materials purchases in April are $500,200, and total factory payroll cost in Aprilis 5364300, c. Actual overhead costs incurred in April are indirect materials 550100 direct labor $23100; factory rent $32100 factory $19.100; and factory equipment depreciation, $51.200 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $590.000 cash in April Complete this question by entering your answers in the tabs below. Requirement General General Journal Trial Balance Cost of Goods Ledger Job Costs Mlg Gros Profit General Journal tab. Prepare journal entries to record the transactions of Smith Company during the month of April General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balanos. A trial balance its each account from the General Ledger, along with its balance, either a debitor a credit. Total debits should always equal total credits Job Costs tab - Calculate the total cost, and account classification for each job worked on during April Cost of Goods Manufactured tab. Prepare a schedule of cost of goods manufactured for Smith Company during the month of April Gross Profit tab Calculate the gross profit on the sale of job(s) during April. General Journal > Complete this question by entering your answers in the tabs below. Requirement General General Jornal Ledger Trial Balance Job Costs Prepare journal entries for the month of April's transactions Cost of Goods Mio Gross Profit View transaction list View journal entry worksheet No Account Title Croda Date April 30 Det 500 200 1 Raw materials inventory Accounts payable 500 200 No. Cash Debit Accounts receivable, Date March 31 Credit No. Balance 452,000 Debit Date March 31 Credit Balance 182,000 Raw materials inventory Debit Credit No. Date March 31 Work in process inventory Debit Credit No. Balance 80,500 580 700 Date March 31 Balance 121,950 1 April 30 500,200 Factory Equipment Debit Credit No. Date March 31 No. Balance 510,500 Accumulated depreciation - Factory equipment Date Debit Credit Balance March 31 153,500 Accounts payable Debit Credit No. No. Date March 31 Balance 45,200 545,400 Common stock, 55 par value Date Debit Credit March 31 Balance 252.000 1 April 30 500,200 Retained earnings Paid-in capital in excess of par - Common Date Debit Credit No. Balance No. Date Debit Balance Credit Smith Company Trial Balance March 31, 2021 Credit S Account Title 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 Debit 452.000 182.000 580,700 121.950 510 500 153 500 545 400 252.000 152.000 744 250 1847 150 1,8471505 my Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, indicate which account in the ledger should include the job's costs as of April 30, Job 306 Job 307 Job 300 April Total $ 29,200 $ 20 200 10.100 59,500 35,300 18,100 9,050 62.450 $ 121 950 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 $ 135.2005 85,400 220,300 150,500 100 100 105,100 455.600 341,000 220,600 370,800 205,200 $ 796600 Prepare a schedule of cost of goods manufactured for Smith Company for the month of April. SMITH COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mio Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Smith Company for the month of April 0 0 Gross profit