GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Is Callahan Company shows the following costs for three jobs worked on in April. Job 386 Job 307 Job 388 Balances on March 31 Direct materials (in March) $ 32,400 $ 40,100 Direct labor (in March) 23,400 19,700 Applied overhead (March) 11,700 9,850 Costs during April Direct materials 138,400 225,100 s 101,700 Direct labor 91,800 158,500 106,700 Applied overhead ? 2 Status on April 30 Finished Finished (sold) In process (unsold) eBook ASK Additional Information Print References a. Raw Materials Inventory has a March 31 balance of $88,500. b. Raw materials purchases in April are $503,400, and total factory payroll cost in April is $381700. c. Actual overhead costs incurred in April are indirect materials. $51.700, indirect labor, $24700, factory rent. $33,700; factory utilities, $20,700; and factory equipment depreciation, $54.400 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $630,000 cash in April. ement Journal Ledger are journal entries for the month of April's transactions. w transaction list Journal entry worksheet 11 4 6 7 11 8 Selony hd paid in cash) and assigned to Work in Process c. Record direct labor use Inventory Note: Enter debits before credits. Account Title Debit Credit Date April 30 d. Record the indirect materials and assigned to Factory Overhead. Note: Enter debits before credits. Date Account Title Debit Credit April 30 Record entry Clear entry View general journal BE Prev 1 of 1 Next are journal entries for the month of April's transactions. ew transaction list Journal entry worksheet 1 2 3 11 4 on 5 7 8 6 e. Record the indirect labor used (and paid in cash) and assigned to Facto Overhead. Note: Enter debits before credits. Account Title Debit Credit Date April 30 General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Pro hent journal entries for the month of April's transactions. transaction list burnal entry worksheet 1 2 3 4 5 7 11 8 f. Record the overhead costs applied to Work Wocess Inventory. Note: Enter debits before credits. Date Account Title Debit Credit April 30 omplete this question by entering your answers in the tabs below. General Journal quirement General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit alculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-do Vhich account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total $ 32,400 $ 23,400 11,700 67,500 40,100 19,700 9,850 69,650 + $ 137,150 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 $ 138,400 $ 91,800 225, 100 158,500 101,700 106,700 465,200 357,000 0 822,200 230,200 383,600 208,400 $ Complete this question by entering your answers in the tabs below. General Journal General Ledger Requirement Trial Balance Cost of Goods Mfg Job Costs Gross Profit Prepare a schedule of cost of goods manufactured for Callahan Company for the month of April. CALLAHAN COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process . In process Status on April 30 (sold) (unsold) Additional Information . Raw Materials Inventory has a March 31 balance of $88,500. b. Raw materials purchases in April are $503,400, and total factory payroll cost in April is $381,700. c. Actual overhead costs incurred in April are indirect materials, $51,700; indirect labor, $24,700; factory rent, $20,700; and factory equipment depreciation, $54,400. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $630,000 cash in April. Complete this question by entering your answers in the tabs below. General Requirement General Cost of Goods Journal Trial Balance Ledger Job Costs Gross Profit Mfg Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Callahan Compa the month of April. 0 0 Gross profit