fill out number 5,10,11,13
Required Information The following information applies to the questions displayed below) Marcelino Co.'s March inventory of raw materials is 582,000. Raw materials purchases in April are $560,000, and factory payroll cost In Aprilis $381,000. Overhead costs incurred in April are indirect materials, $53,000 indirect labor, $22000; factory rent. $34,000; factory utilities $24,000: and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $700,000 cash in April Costs of the three jobs worked on in Apni follow 012 305 306 Job 307 300 300 $ 33.000 25,000 12,500 540,000 19,00 9,500 Balances on March 11 Direct materials Direct labor Applied overhead costs during April Direct materials Direct labor Roplied overhead status on April 30 220,000 154,00 $115, 300,000 131,600 104.ee > Finished (sold) Finished (unsold) In process 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 pard and assigned to Factory Overhead e. Overhead costs apped to Work in Process inventory 1. Actual overhead costs incurred, including indirect materials. Factory rent and times are paid in casa g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. 1. Revenue from the sale of Job 306 J. Assignment of any underappiled or overapplied overhead to the cost of Goods Sold account (The amount is not material) 2. Prepare journal entries for the month of April to record the above transactions View transactions View journal entry worksheet NO Transaction Crode General Journal Raw materials inventory Accounts payable 1 Deba 560,000 80,000 2 400.000 Work in process inventory Raw materials inventory 455.000 358,000 Work in process inventory Cash 358000 & Prar 27 of 27 Type here to search O H G 2 eztomnega Chapter 12142 Hered information + 560,000 Raw materials entory Accounts payable 560.000 2 b 466,000 Work in process inventory Raw materials inventory 465,000 Work in process inventory Cash 358,000 353,000 4 d Factory overhead Cash 23,000 23,000 2 s e Work in process inventory Factory overhead 6 1) Factory overhead Raw materials inventory 53.000 53,000 T 23 Factory overhead Cash 24.000 24,000 IN 8 203 Factory overhead Accumulated depreciation-actory equipment 60,000 50.000 IN 3 14 Factory overhead Cash 34,000 34.000 10 9 Finished goods inventory Work in process inventory 11 Cost of goods sold Finished goods inventory IN 12 Cash Sales 700,000 700.000 13 1 Cost of goods sold Factory overhead