GL1501 (Algo) - Based on Problem 15-2A LO P1, P2, P3, P4 Sweet Company shows the following costs for three jobs worked on in April Job 306 Job 37 Job 308 Balances on March 31 Direct materials (in March) $ 67,080 $ 92,000 Direct labor (in March) 58,eee 37,000 Applied overhead (March) 40,600 25,900 Costs during April Direct materials 173,000 277.ee $ 138,000 Direct labor 161,000 245,000 124,000 Applied overhead ? ? Finished Finished Status on April 30 In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $175,000 b. Raw materials purchases in April are $710,000, and total factory payroll cost in April is $610,000 c. Actual overhead costs incurred in April are indirect materials, $110.000; indirect labor . $80.000; factory rent. $68,000, factory utilities. $57,000; and factory equipment depreciation, $125,000 d. Predetermined overhead rate is 70% of direct labor cost e. Job 306 is sold for $1,130,000 cash in April Complete this question by entering your answers in the tabs below. General Journal Gross Profit General Requirement Ledger Trial Balance Job Costs Cost of Goods Mfg General Journal tab - Prepare journal entries to record the transactions of Sweet Company during the month of April General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits Job Costs tab - Calculate the total cost, and account classification for each job worked on during April. Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Sweet Company during the month of April. Gross Profit tab - Calculate the gross profit on the sale of job(s) during April