GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Fox Company shows the following costs for three jobs worked on in April Job 306 Job 307 Job 308 $ 61, 900 52,000 36, 400 $ 83,000 34,000 23, 800 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 30 268,000 230,000 $ 132,000 121,000 167.000 149.000 2 Finished (Gold) Finished Cunsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $160,000, b. Raw materials purchases in April are $690,000, and total factory payroll cost in April is $571000, c. Actual overhead costs incurred in April are indirect materials $103,300 indirect labor $35,000 factory rent $37,000, factory utilities $30,000, and factory equipment depreciation, $59,000 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $1,050,000 cash in April Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, Indicate which account in the ledger should include the fob's costs as of April 30. Job 306 Job 307 Job 308 April Total $ 61.000 $ 52,000 36,400 149 400 83,000 34 000 23 800 140,800 $ 290,200 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April, indicate which account should include each job's costs S 268,000 230,000 132,000 121.000 167,000 $ 149.000 59.000 375.000 524 400 567.000 500,000 59,000 1.126,000 1.416,200 498,000 253,000 $ $ 5 Post of goods FOX COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process 0 0 Gross profit