GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 - Pelcher Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 33,000 24,000 12,000 $ 41,000 20,000 10,000 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 30 139,000 93,000 ? Finished (sold) 226,000 160,000 ? Finished (unsold) $ 102,000 107,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $25,000; factory rent, $34,000; fact utilities, $21,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 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 General Journal tab - Prepare journal entries to record the transactions of Pelcher 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. 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 - - General Journal tab - Prepare journal entries to record the transactions of Pelcher 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 Pelcher Company during the month of April. Gross Profit tab - Calculate the gross profit on the sale of job(s) during April. - Requirement General Journal > 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. 1 Complete this question by entering your answers in the tabs below. 15 points Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit 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. eBook Job 306 Job 307 Job 308 April Total Ask $ 33,000 $ 24,000 41,000 20,000 10,000 71,000 Print 12,000 69,000 $ 140,000 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. $ References 139,000 $ 93,000 226,000 160,000 102,000 107,000 467,000 360,000 0 0 232,000 386,000 209,000 $ 827,000 1 Complete this question by entering your answers in the tabs below. 15 points Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare a schedule of cost of goods manufactured for Pelcher Company for the month of April. eBook PELCHER COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Ask Print Total manufacturing costs added during April References Total cost of work in process 1 Status on April 30 Finisnea (sold) Finisnea (unsold) In process Additional Information 15 points a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $25,000; factory rent, $34, utilities, $21,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April. eBook Complete this question by entering your answers in the tabs below. Ask Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Print Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Pelcher Company f the month of April. References 0 0 Gross profit