Check my work 1 Part 25 Required information Problem 15-1A 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 invertory of raw materials is $82.000 Raw materials purchases in April are $590.000 and factory payroll cost in April is $382.000. Overhead costs incurred in Apr are indirect materials, $55.000 indirect labor, S27000: factory rent. $35.000 factory utlities. $24.000, and factory equipment depreciation. 553.000 The predetermined overhead rate is 50% of direct labor cost. Job 306 sold for $640,000 cash in April. Costs of the three jobs worked on in Arifollow Job 396 Job 347 3ob308 Balances on March 31 Direct materials $ 31,000 $ 44,010 Direct labor 21.000 13.00 Applied overhead 10,500 Costs during April Direct materials 131, ce 215, $120,00 Direct labor 101,000 150,00 104,100 Applied overhead Status on April 30 Finished sold) Cunsold process Vinished Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job including the balances from March 31. Job 306 Job 7 Job 305 April Total Em Prev 1 2 3 4 of Next > Check my work SOLO 1 1 SOLI process Part of Problem 15-1A Part 1 25 Required 1. Determine the total of each production cost incurred for April (direct labor direct materials, and applied overhead), and the total cost assigned to each job including the balances from March 31 Job 100 Job 307 Job 308 Aprill $ 5 $ From March Del Mar Drea Aplied over Beging goods in 31.000 21.000 44,000 13.000 75.000 34.000 17.000 TS 10.500 62 500 $ 0.00 $ 125.000 131.000 215.000 120.000 101.000 150,000 104.000 Dr Male Director Apled when Totalcis added in one Total April 303 Status on April 30 Apricotinin 450.000 355.000 0 821.000 0 232.000 365.000 220.000 $ Finished) Finhado in proces Prev 1 2 3 4 Next > . Check my work 2 Problem 15-1A Part 2 Part 2 of 4 25 a. Materials purchases on credit) b. Direct materials used in production c. Direct labor paid and assigned to Work in Process inventory d. Indirect labor paid and assigned to Factory Overhead e. Overhead costs applied to work in Process Inventory t. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash) Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for ab 306 Revenue from the sale of Job 306 Assignment of any underapalled or overappled overhead to the Cost of Goods Sold account. (The amount is not material 00 2. Prepare journal entries for the month of April to record the above transactions View transaction list Journal entry worksheet Record the entry for Materials purchases (on credit). Note: Enter dette before credits Traction General Journal Det US Check my work 3 44, 13.00 6.500 LIELL wers Direct labor Applied overhead Costs during Aprit Direct materials Direct tabor Applied overhead Status on April 30 , 21,000 10,588 131,000 101,000 Finished sold) 215,00 $120,00 150, 104,00 Part 3 of 4 unset proCESS 25 po Problem 15.1A Part 3 3. Prepare a schedule of cost of goods manufactured MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended Agris Total of work in pross Cost of goods mandatured RE Check my work 4 Problem 15-1A Part 4 Part 14 4.1 Compute gross profit for Art Gross Pro 4.2 Show how to present the riverstories on the April 30 balance sheet Inventories Raw material We Finhado Totalentre