Egert Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct labor (in March) Costs during April Direct materials Direct labor Applied overhead Direct materials (in March) $ 29,600 20,600 Applied overhead (March) 10,300 $ 35,900 18,300 9,150 135,600 Status on April 30 Additional Information 86,200 ? ? Finished Finished (sold) 220,900 $ 100,300 151,500 105,300 ? In process (unsold) a. Raw Materials Inventory has a March 31 balance of $81,500. b. Raw materials purchases in April are $500,600, and total factory payroll cost in April is $366,300. c. Actual overhead costs incurred in April are indirect materials, $50,300; indirect labor, $23,300; factory rent, $32,300; factory utilities, $19,300; and factory equipment depreciation, $51,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $600,000 cash in April. Journal entry worksheet < 1 2 3 4 5678 11 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date April 30 Account Title Debit Credit Raw materials inventory 500,600 Accounts payable 500,600 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5678 11 b. Record the direct materials used. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Work in process inventory Raw materials inventory Journal entry worksheet < 1 2 3 4 5 6 7 8 11 c. Record direct labor used (and paid in cash) and assigned to Work in Process Inventory. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Work in process inventory Cash Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 11 d. Record the indirect materials used and assigned to Factory Overhead. Note: Enter debits before credits. Date Account Title Debit Credit April 30 No journal entry required No journal entry required No journal entry required Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 678 11 e. Record the indirect labor used (and paid in cash) and assigned to Factory Overhead. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal < 1 2 3 4 5 6 7 8 11 > f. Record the overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 11 > g. Record the actual other overhead costs incurred. (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Date April 30 Account Title Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 00 8 11 h. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Journal entry worksheet 1 4 5678 9 11 > i. Record the cost of goods sold for Job 306. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Journal entry worksheet 1 4 56789 j. Record the revenue from the sale of Job 306 received in cash. Note: Enter debits before credits. Date April 30 10 11 Account Title Debit Credit Journal entry worksheet < 1 4 5678910 k. Record the close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. 11 Date April 30 Account Title Debit Credit Cost of goods sold Factory overhead