Fox Co.'s March 31 Inventory of raw materials is $160,000. Raw materials purchases in April are $690,000, and factory payroll cost in April is $571,000. Overhead costs incurred in April are: Indirect materials, $111.000: Indirect labor. $71,000; factory rent, $61,000; factory utilities $51,000, and factory equipment depreciation, $67,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 Is sold for $1.050.000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 307 Job 388 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead $ 61,000 52, eee 36,400 $ 83, epe 34, eve 23,80p 167,eee 149, eee 268,000 23e, eee $132, Bee 121, ece Status on April 30 Finished (sold) Finished (unsold) In process Complete this question by entering 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 a. Record the purchase of materials (on credit). Note: Enter debits before credits Account Title tle Debit Credit Date Apr 30 / 11 1 1111 . 1 Record entry Clear entry View general journal OD 366 0 31 $ 5.57,00 2. 36,4 3,00 34 23,Bee Balances on March 31 Direct materials Direct Labor Applled overhead Cots during April Direct saterials Direct labor Les overhead Status on April se 167. eee 149,88 268,eee 238, cee $132,822 121. eee Finished (sold) Finished Cunsold) Complete this question by entering your answers in the tabs below. Requirement General Journal Cast of Goods General Ledger Trial Balance Job Conts Gross Profit Dates: Mar 31 to Apr 30 General Ledger Account eceivable. Det Raw materials inventory Debit Credit Balance Factory Equipment Accumulated depreciation - Factory uipment Cred Balance 00.00 Accounts payable Common stock, 55 par value Pand-in capital in sopar - Common Fox Cos March 21 inventory of raw materia S160.000. Raw materials purch , and factory payroo n Aprilis S571.000. Overhead costs incurred in Aprilare Indirect materialsStoor indweetbox24.000 factory rent. 961.000 factory utilities, S51.000, and factory m ent detection 567000. The predetermined overhead or direct labore 306 is sold for $1050,000 cash in April. Costs of the three jobs worked on in Apni follow. Balances on March 31 Dirert meters Direct labor Applied overhead Costs during April Direct materiais 61, 2.ee 36,40e need 34.ee 1620 268,888 23eeee 5132.eee 12, eee Status April Finished Complete this question by entering your answers in the tabs below: Requirement cost of goods General Lediger Tris Balance Job cists G . Calculate the amount of overhead to b e which account in the ledger should include the th EMEAN e re April 30 willing then using the drop downs to Apr 30 os beginning wonin Proventory Costs added in April Direct labor Total costs noded in April Total cost of jobs At the end of Alcale which O ud Fox Co.'s March 31 Inventory of raw materials is $160,000 Raw materials purchases in April are $690.000, and factory payroll cost in Aprills $571,000. Overhead costs incurred in Aprilare Indirect materials, $111.000 indirect labor $71,000; factory rent, $61,000, factory utilities, $51.000, and factory equipment depreciation, $67.000. The predetermined overhead rate is 70% of direct labor cost Job 306 is sold for $1,050,000 cash in April Costs of the three jobs worked on in April follow Job 386 Job 3 Job 388 Balances on March 31 Direct materials $83.ee $ 61, 52, eee 36,00 Applied overhead Costs during April Direct materials 167.ee 149, eee 268,eee 230,000 $132.ece 1 31, sa Applied overhead Status on April 3e Finished sold) Binished tala) Complete this question by entering your answers in the tabs below. Requirement General General Cost of Goods Trial Balance Joumal Job Costs Gross Profit Ledger Mfg Prepare a schedule of cost of goods manufactured for Fox Company for the month of April Dates: Mar 31 FOX COMPANY Schedule of Coutouds Manufactured For Month Ende A 30 el costs wdded during pri Total cost of work in process Job Costs Gross Profit Fox Co.'s March 31 Inventory of raw materials is $160,000. Raw materials purchases in April are $690,000, and factory payroll cost in Aprilis $571.000. Overhead costs incurred in April are: Indirect materials, $111,000; Indirect labor, $71,000; factory rent, $61,000, factory utilities. $51,000; and factory equipment depreciation, $67,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $1,050,000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 3e7 Job 388 $ 61,eee 52,eee 36,480 $ 83,eee 34, eee 23,800 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 167, eee 149, eee 268, eee 23e, eee $ 132,eee 121, eee Finished (sold) Finished (unsold) In process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Fox Company for the month of April. Dates: Mar 31 to: Apr 30 Gross profit