$!$ Determine the total cost assigned to each job as of April $30($including the balances from March $31).$ a$.$ Materlals purchases $($on credit$).$

b$.$ Direct materlals used.

c$.$ Direct labor used $($and paid in cash$)$ and assigned to Work In Process Inventory.

d$.$ Indirect materlals used and assigned to Factory Overhead.

e$.$ Indirect labor used $($and paid in cash$)$ and assigned to Factory Overhead.

f$.$ Overhead costs applied to Work In Process Inventory.

g$.$ Actual other overhead costs Incurred $($Factory rent and utilitles are pald in cash.$)$

h$.$ Transfer of Jobs $306$ and $307$ to Finished Goods Inventory.

I. Cost of goods sold for Job $306.$

J$.$ Revenue from the sale of Job $306$ recelved in cash.

k$.$ Close underapplied or overapplied overhead to the Cost of Goods Sold account.

Prepare journal entrles for the month of April to record the above transactions.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$....$

$11$

Record the entry for material purchased on credit.

Note: Enter debits before credits. Prepare a schedule of cost of goods manufactured for the month ended April $30\mathrm{.}5-$a$.$ Compute gross profit for April.

$5-$b$.$ Show how the three Inventory accounts are reported on the April $30$ balance sheet.

Complete this question by entering your answers in the tabs below.

Req $5A$

Compute gross profit for April.

Gross profit

Required information

$[$The following information applies to the questions displayed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

Additional Information

a$.$ Raw Materials Inventory has a March $31$ balance of $$83,200.$

b$.$ Raw materials purchases in April are $$508,000,$ and total factory payroll cost in April is $$371,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$52,000$; indirect labor, $$25,000$; factory rent,

$$34,000$; factory utilities, $$21,000$; and factory equipment depreciation, $$53,000.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$643,000$ cash in April.