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Homework: Job Order Costing Assignment 0 Saved 17 References Marco Company shows the following costs for threejobs worked on in April. Job 306 Job 307
Homework: Job Order Costing Assignment 0 Saved 17 References Marco Company shows the following costs for threejobs worked on in April. Job 306 Job 307 Job 383 Balances on March 31 Direct materials used (in March) $ 27,888 $ 39,688 Direct labor used (in March) 23,888 15,688 Overhead applied (March) 11,588 ?,588 Costs during April Direct materials used 137,888 218,688 $ 168,860 Direct labor used 102,888 153,688 161,800 Overhead applied ? ? P Finished Finished Status on April 38 In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of$87,000_ [3. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $385,000. 1:. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $29,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. is. Job 306 is sold for $645,000 cash in April_| 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Total cost of work in process Cost of goods manufactured $ 0
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