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I am not sure how to find the gross profit or the raw materials in the second picture. thanks! Required information Problem 15-1A Production costs

I am not sure how to find the gross profit or the raw materials in the second picture. thanks! image text in transcribed
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Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are indirect materials, $50,000; Indirect labor, $23,000, factory rent. $32,000; factory utilities, $19,000, and factory equipment depreciation, $S1,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 30% Job 308 ces $ 29,000 20,000 10,000 $ 35.000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costa during April Direct materials Direct labor Applied overhead Status on April 30 220,000 150,000 135,000 85,000 7 Pinished (old) $100,000 105.000 7 In process Tinished (unsold) Problem 15-1A Part 4 4.1 Compute gross profit for April Problem 15-1A Part 4 of 4 4.1 Compute gross profit for April Gross Profit ok not ences 4.2 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories $ 257,500 507,000 764,500 Answer is complete and correct. Job 306 Job 307 Job 308 April Total From March Direct Materials $ $ 29,000 20,000 10,000 59,000 35,000 18,000 9,000 62,000 64.000 38,000 19,000 $ $ 0 $ 121,000 Direct Labor Applied overhead Beginning goods in process For April Direct Motorials Direct Labor Applied overhead Total costs added in April Total costs (April 30) 135,000 85,000 42,500 262,500 321,500 220,000 150,000 75,000 445,000 $ 507.000 Finished (unsold) Finished goods inventory 100,000 105,000 52,500 257,500 257,500 455.000 340,000 170,000 965.000 $ 1,086,000 $ $ Status on April 30 Finished (sold) Cost of goods sold April 30 cost included in in process Work in process inventory 1 a 500,000 Raw materials inventory Accounts payable 500,000 2 b. 455.000 Work in process inventory Raw materials inventory 455,000 3 340,000 Work in process inventory Cash 340,000 4 d. 23,000 Factory overhead Cash 23,000 5 e . 5 170,000 Work in process inventory Factory overhead 170,000 6 f(1). Factory overhead Raw materials inventory 50,000 50,000 7 f(2) Factory overhead Cash 19.000 19,000 8 f(3) Factory overhead Accumulated depreciation factory equipment 51,000 51.000

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