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Check my wor Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $81,000.
Check my wor Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factory rent, $32,000; factory utilities, $25,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 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 Direct labor Applied overhead Costs during April Direct materials $ 29,000 20,000 10,000 $ 38,000 19,000 9,500 Direct labor 138,000 102,000 205,000 $115,000 Applied overhead Finished Status on April 30 (sold) 155,000 ? Finished (unsold) process 102,000 ? In 13 Job 306 From March Direct Materials $ 29,000 $ Direct Labor 20,000 Applied overhead 10,000 Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Job 307 38,000 19,000 9,500 Job 308 138,000 205,000 115,000 102,000 155,000 102,0 240,000 360,000 Total costs (April 30) Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in: 217,000 S April Total $ 67,000 39,000 19,500 $ 0 458,000 359,000 0 817,000 0
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