GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Drake Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 Job 306 Job 387 $33,800 24,800 12,400 $ 42,200 20,400 10,200 Job 308 139,800 94,600 227,200 162,000 ? $ 102,400 107,400 ? Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $92,000, b. Raw materials purchases in April are $504,800, and total factory payroll cost in April is $389,400. c. Actual overhead costs incurred in April are indirect materials, $52,400; indirect labor, $25,400; factory rent, $34,400; factory. utilities, $21,400; and factory equipment depreciation, $55,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. 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. 2 1 Saved Complete this question by entering your answers in the taps CIOW. 1 Requirement k 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 < 3 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 11 View general journal < Prev 1 of 8 Next > 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 2 5 6 7 8 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 Factory overhead Cash Record entry Clear entry View general journal Journal entry worksheet < 2 3 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 Factory overhead Cash Account Title Debit Credit Record entry Clear entry View general journal < Prev 1 of 8 Next > Journal entry worksheet < 1 6 8 9 10 11 k. Record the close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. Date Account Title Debit Credit April 30 Cost of goods sold Factory overhead Record entry Clear entry View general journal < Prev 1 of 8 Next >