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GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Fisher Company shows the following costs for three jobs worked on in April.
GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Fisher Company shows the following costs for three jobs worked on in April. Job 386 Job 307 Job 388 $ 34,820 25,820 12,980 $ 43,700 20,989 10,450 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 30 140,880 96,68 ? Finished (sold) 228,780 164,500 ? Finished (unsold) $ 102,900 107,988 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $94.500. b. Raw materials purchases in April are $505.800, and total factory payroll cost In April is $394,900. c. Actual overhead costs incurred in April are Indirect materials. $62.900: Indirect labor, $25.900; factory rent, $34.900; factory utilities. $21.900; and factory equipment depreciation, $56,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 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. View transaction Mat View journal entry worksheet No Account Title Debit Credit Date April 30 1 Cash
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