Homework Saved Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $21,000; factory rent. $39.000; factory utilities, $22,000; and factory equipment depreciation. $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $670,000 cash in April. Costs of the three jobs worked on in April follow, 3:00 Job 306 Job 307 Job 308 $ 31,000 21,000 10,500 $ 44,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costa during April Direct materials Direct labor Applied overhead Status on April 30 134,000 102,000 2 Finished (sold) 200,000 153,000 2 Finished (unsold) $105,000 101,000 2 In process Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). You do Fang Lu - Google... Tom 15: Homework Saved Help 2 Problem 15-1A Part 1 1 of 4 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total 04:12:54 $ $ From March Direct Materials Direct Labor Applied overhead Beginning goods in process 31,000 21,000 10.500 44,000 15,000 7,500 Book $ 75,000 36,000 18,000 $ 0 For April 200,000 Fences 134,000 102.000 Direct Materials Direct Labor Applied overhead Total costs added in April 105,000 101,000 153,000 439,000 356.000 0 236.000 353,000 206,000 795,000 Total costs (April 30) $ 0 Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in: Required information of 4 View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 .. 12:20 13 > Record the entry for Materials purchases (on credit). ok Note: Enter debits before credits. Transaction General Journal Debit ces Credit Record entry Clear entry View general Journal Required information of 4 View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 13 9:12:14 Record the direct materials used in production. Ek Note: Enter debits before credits. nt Transaction General Journal Debit Credit ences b. Record entry Clear entry View general Journal 3 Required information t 2 of 4 View transaction list Journal entry worksheet ats 1 N 3 4 5 6 7 8 ..... 13 04:12:08 Record the Direct labor paid and assigned to Work in Process Inventory. eBook Ask Note: Enter debits before credits. Print Transaction General Journal Debit Credit eferences Record entry Clear entry View general Journal Required information 2 of 4 View transaction list . Journal entry worksheet