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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 $81,000. b. Raw materials purchases in April are $510,000, and total factory payroll cost in April is $379,00 c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $21,000; factory rent, $31,000; factory utilities, $25,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. Agaitionai inrormation a. Raw Materials Inventory has a March 31 balance of $81,000. b. Raw materials purchases in April are $510,000, and total factory payroll cost in April is $379.000. c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $21,000; factory rent, $31,000; factory utilities, $25,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. Problem 2-2A (Algo) Part 1 Required: 1. Determine the amount of overhead applied to each job in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Record the entry for material purchased on credit. Note: Enter debits before credits. Record the direct materials used in production. Note: Enter debits before credits. Note: Enter debits before credits. Note: Enter debits before credits. Record the indirect labor (paid in cash). Note: Enter debits before credits. Record the application of overhead costs. Note: Enter debits before credits. Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Record the cost of goods sold for Job 306 . Note: Enter debits before credits. Record the revenue from the sale of Job 306 recelved in cash. Note: Enter debits before credits. Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. 4. Prepare a schedule of cost of goods manufactured for the month end April 30