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f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306. j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions. Required information Problem 19-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured L. P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials inventory has a Match 31 balance of $86,000 b. Row materials purchases in Aprit are $15,000, and total factory payroll cost in April is $378,000 c. Actual overhead costs incurred in Aprif are indirect materials, $53,750; indirect labor, $26,750; factory rent, $35,750; factory utilities, $22,750, and factory equipment depreciation, $54,750 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April Problem 19-2A (Algo) Part 3 a. Materials purchases (on credit) b. Difect materials used c. Ofrect tabor used (and paid in cash) and assigned to Work in Process inventory d. Indirect materiels used and assigned to Factory Overthead e. Indirect labor used (and paid in casty) and assigned to Factory Overhead. t. Overheod costs applied to Work in Process Inventory