Clancy Co.'s March 31 inventory of raw materials is $190,000. Raw materials purchases in April are $740,000, and factory payroll cost in April is $649,000. Overhead costs incurred in April are: indirect materials, $118,000; indirect labor, $89,000; factory rent. $112.000; factory utilities, $63,000; and factory equipment depreciation, $73,000. The predetermined overhead rate is 80% of direct labor cost. Job 306 is sold for $1,230,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 $ 73,000 64,000 51,200 $101.000 40,000 32,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 286,000 260,000 $144,000 127,000 179,000 173,000 2 Finished (Hold) Pinished (unsold) process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit Prepare journal entries for the month of April's transactions View transaction list Journal entry worksheet 2 3 4 5 6 7 8 13 a. Record the purchase of materials (on credit). Complete this question by your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 4 5 6 7 8 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date Apr 30 Account Title Debit Credit Record entry Clear entry View general journal Prev 1 of 10 !!! Next > MacR Complete this que wers in the tabs below. General Journal Requirement Thal Balance Job Costs Cost of Goods oods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 13 b. Record direct materials used in production. Note: Enter debits before credits Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 !!! Next > Mace equirement General Journal Trial Balance Job Costs Cost of Goods Mfg Gross Profit repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet Mace Gross Profit equirement General Journal Trial Balance Cost of Goods Mfg Job Costs repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 6 7 8 d. Record indirect labor paid and assigned to Factory Overhead. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 Next > Mac DOO Complete this ques carin s wers in the tabs below. Requirement General Journal Trial Balance Cost of Goods Job Costs Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet e. Record overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 Next > MacR Complete this ques wers in the tabs below. quirement General Journal Trial Balance Job Costs Cost of Goods Mfg Gross Profit repare journal entries for the month of April's transactions. Wiew transaction list Journal entry worksheet 7 13 f1. Record the cost of indirect materials used. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal 1 of 10 !! Next > Mace. complete this que vers in the tabs below. Requirement General Journal Thal Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet Mace equirement General Journal Trial Balance Job Costs Cost of Goods Mfg Gross Profit repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacR Requirement General Journal Trial Balance Job Costs Cost of Goods Com Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacR Requirement General Journal Trial Balance Job Costso Cost of Goods ord Mfg Gross Profit Prepare journal entries for the month of April's transactions View transaction list Journal entry worksheet 1 ..... 5 6 7 13 g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory Note: Enter debits before credits Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 !!! Next > Mach quirement General Journal Trial Balance Job Costs Cost of Goods Mfg ods Gross Profit epare journal entries for the month of April's transactions. "iew transaction list Journal entry worksheet Mace. Cost of Goods equirement General Journal Trial Balance Job Costs Gross Profit Mfg repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacR equirement General Journal Trial Balance Job Costs Cost of Goods os Gross Profit Mfg repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacP newconnect.mheducation.com Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gres Profit 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 fob's costs as of April 30. Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total $ Beginning Work In Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process inventory 73.000 64,000 101,000 40.000 32.000 173.000 $ Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 179,000 173,000 286,000 260,000 144,000 127,000 609,000 560.000 352,000 $46,000 271,000 $ 1,169,000 Total cost of jobs At the end of April, indicate which account should include each job's costs Prev 1 of 10 Next > MacP Complete this question i ng your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods ods Gross Profit Mig Prepare a schedule of cost of goods manufactured for Clancy Company for the month of April. Dates: Mar 31 to: Apr 30 CLANCY COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Prev 1 of 10 ! Next > MacP rt 2 JUU av UIT Job 307 Job 308 00 $101,000 51,200 40,000 32.000 Ralanced on March 31 Direct materials Direct labor Applied overhead Cants during April Direet materials Direct labor Applied overhead Status on April 30 179.000 173,000 286,000 260,000 $144,000 127,000 Pinished (Hold) Pinished (unsold) process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods MO Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Clancy Company for the month of April. Dates: Mar 31 to: Apr 30 Gross profit MacP Clancy Co.'s March 31 inventory of raw materials is $190,000. Raw materials purchases in April are $740,000, and factory payroll cost in April is $649,000. Overhead costs incurred in April are: indirect materials, $118,000; indirect labor, $89,000; factory rent. $112.000; factory utilities, $63,000; and factory equipment depreciation, $73,000. The predetermined overhead rate is 80% of direct labor cost. Job 306 is sold for $1,230,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 $ 73,000 64,000 51,200 $101.000 40,000 32,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 286,000 260,000 $144,000 127,000 179,000 173,000 2 Finished (Hold) Pinished (unsold) process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit Prepare journal entries for the month of April's transactions View transaction list Journal entry worksheet 2 3 4 5 6 7 8 13 a. Record the purchase of materials (on credit). Complete this question by your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 4 5 6 7 8 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date Apr 30 Account Title Debit Credit Record entry Clear entry View general journal Prev 1 of 10 !!! Next > MacR Complete this que wers in the tabs below. General Journal Requirement Thal Balance Job Costs Cost of Goods oods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 13 b. Record direct materials used in production. Note: Enter debits before credits Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 !!! Next > Mace equirement General Journal Trial Balance Job Costs Cost of Goods Mfg Gross Profit repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet Mace Gross Profit equirement General Journal Trial Balance Cost of Goods Mfg Job Costs repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 6 7 8 d. Record indirect labor paid and assigned to Factory Overhead. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 Next > Mac DOO Complete this ques carin s wers in the tabs below. Requirement General Journal Trial Balance Cost of Goods Job Costs Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet e. Record overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 Next > MacR Complete this ques wers in the tabs below. quirement General Journal Trial Balance Job Costs Cost of Goods Mfg Gross Profit repare journal entries for the month of April's transactions. Wiew transaction list Journal entry worksheet 7 13 f1. Record the cost of indirect materials used. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal 1 of 10 !! Next > Mace. complete this que vers in the tabs below. Requirement General Journal Thal Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet Mace equirement General Journal Trial Balance Job Costs Cost of Goods Mfg Gross Profit repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacR Requirement General Journal Trial Balance Job Costs Cost of Goods Com Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacR Requirement General Journal Trial Balance Job Costso Cost of Goods ord Mfg Gross Profit Prepare journal entries for the month of April's transactions View transaction list Journal entry worksheet 1 ..... 5 6 7 13 g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory Note: Enter debits before credits Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 10 !!! Next > Mach quirement General Journal Trial Balance Job Costs Cost of Goods Mfg ods Gross Profit epare journal entries for the month of April's transactions. "iew transaction list Journal entry worksheet Mace. Cost of Goods equirement General Journal Trial Balance Job Costs Gross Profit Mfg repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacR equirement General Journal Trial Balance Job Costs Cost of Goods os Gross Profit Mfg repare journal entries for the month of April's transactions. View transaction list Journal entry worksheet MacP newconnect.mheducation.com Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gres Profit 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 fob's costs as of April 30. Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total $ Beginning Work In Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process inventory 73.000 64,000 101,000 40.000 32.000 173.000 $ Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 179,000 173,000 286,000 260,000 144,000 127,000 609,000 560.000 352,000 $46,000 271,000 $ 1,169,000 Total cost of jobs At the end of April, indicate which account should include each job's costs Prev 1 of 10 Next > MacP Complete this question i ng your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods ods Gross Profit Mig Prepare a schedule of cost of goods manufactured for Clancy Company for the month of April. Dates: Mar 31 to: Apr 30 CLANCY COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Prev 1 of 10 ! Next > MacP rt 2 JUU av UIT Job 307 Job 308 00 $101,000 51,200 40,000 32.000 Ralanced on March 31 Direct materials Direct labor Applied overhead Cants during April Direet materials Direct labor Applied overhead Status on April 30 179.000 173,000 286,000 260,000 $144,000 127,000 Pinished (Hold) Pinished (unsold) process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods MO Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Clancy Company for the month of April. Dates: Mar 31 to: Apr 30 Gross profit MacP