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GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Fox Company shows the following costs for three Jobs worked on in Aprll.
GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Fox Company shows the following costs for three Jobs worked on in Aprll. Additional Information a. Raw Materlaks Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $503,200, and total factory payroll cost in April Is $380,600. C. Actual overhead costs incurred in April are indirect materials, $51,600; Indirect labor, $24,600; factory rent, $33,600; factory utilities, $20,600; and factory equipment depreclation, \$54,200. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $630,000 cash in April. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet Complete this question by entering your answers in the tabs below. Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, in which account in the ledger should include the job's costs as of April 30. Prepare a schedule of cost of goods manufactured for Fox Company for the month of April. Complete this question by entering your answers in the tabs below. Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Fox Company for the month of April
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