GL1501 - Based on Problem 15-1A LO C2, P1, P2, P3, P4 Perry Co.'s March 31 inventory of raw materials is $140,000, Raw materials purchases in April are $650,000, and factory payroll cost in April is $519,000 Overhead costs incurred in April are: Indirect materials, $100,000indirect labor, $59,000, factory rent. $64,000 factory utilities, $43,000; and factory equipment depreciation, $63.000 The predetermined overhead rate is 70% of direct labor cost, Job 306 is sold for $940,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 30 Balances on March 31 Direct materials $ 55,000 $ 71,000 Direct labor 44,000 30,000 Applied overhead 30,800 21,000 Costs during April Direct materials 159,000 256,000 $124,000 Direct labor 133,000 210,000 117,000 Applied overhead Finished Finished Status on April 30 In process (sold) (unsold) 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 job's costs as of April 30. Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total Beginning Work in Process (March costs) Direct materials $ 53,000 $ 71,000 Direct labor 44,000 30.000 Applied overhead 30,800 21.000 Total Beginning Work in Process inventory 127.800 122.000 249.800 $ 150,000 $ 133,000 256.000 210,000 124 000 117.000 Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 539,000 400,000 0 999,000 292,000 466,000 241,000 $ Total cost of jobs At the end of April, indicate which account should include each job's costs