GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Sanders Company shows the following costs for three jobs worked on in April Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) 5 83,000 5 116,000 Direct labor (in March) 74,690 45,000 Applied overhead (March) 59,200 36,000 Costs during April Direct materials 189,000 301,000 $ 154,000 Direct labor 193,000 285,000 132,000 Applied overhead 2 Finished Finished Status on April 30 In process (sold) (unsold) Additional Information aces a. Raw Materials Inventory has a March 31 balance of $215,000, b. Raw materials purchases in April are $780,000, and total factory payroll cost in April is $714,000, c. Actual overhead costs incurred in April ore Indirect materials. $122.000 indirect labor, $104 000, factory rent $123,000; factory utilities, $73,000, and factory equipment depreciation, $196,000. d. Predetermined overhead rate is 80% of direct labor cost. e. Job 306 is sold for $1.380.000 cash in April Complete this question by entering your answers in the tabs below. Requirement General General Trial Balance Cost of Goods Journal Job Costs Ledger Mfg Gross Pront General Journal tab. Prepare journal entries to record the transactions of Sanders 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 Applied overhead Status on April 30 Finished (sold) ? Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $215,000 b. Raw materials purchases in April are $780,000, and total factory payroll cost in April is $714,000 c. Actual overhead costs incurred in April are Indirect materials, $122.000 indirect labor. $104.000, factory rent $123,000, fac utilities, $73,000, and factory equipment depreciation $196,000 d. Predetermined overhead rate is 80% of direct labor cost e. Job 306 is sold for $1,380,000 cash in April. Complete this question by entering your answers in the tabs below. General General Requirement Trial Balance Job Costs Cost of Goods Gross Profit Journal Ledger Mig General Journal tab. Prepare journal entries to record the transactions of Sanders 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 Sanders Company during the month of April Gross Profit tab - Calculate the gross profit on the sale of job(s) during April Requirement General Journal >
