I cant figure out how to find "Total Costs (April 30)" please help
Saved work Assignment 0 Required information Job 306 Job 307 Job 308 April Total $ 31,000 24,000 12.000 44,000 14,000 7,000 65,000 $ 75,000 38,000 19,000 $ 132,000 $ 67,000 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in: 139,000 105,000 52,500 296,500 205,000 150,000 75,000 430,000 120,000 100,000 50,000 270,000 270,000 In process Work in process inventory 464,000 355,000 177,500 996,500 $ 270,000 Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory ssignment i Saved He Required information (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 $520,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $29,000; factory rent, $33,000; factory utilities, $22,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ $ 31,000 24,000 12,000 44,000 14,000 7,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 139,000 105,000 205,000 150,000 $ 120,000 100,000 Finished (sold) Finished (unsold) process quired: 2 5 of 5 Next > Required information No Transaction General Journal Credit Debit 520,000 Raw materials inventory Accounts payable 520,000 2 db Work in process inventory Raw materials inventory 3 c. Work in process inventory Cash 24 d. Factory overhead Cash 5 e. Work in process inventory Factory overhead 26 (1). Factory overhead Raw materials inventory T7 f(2). Factory overhead Cash Required information Factory overead Cash f(3). Factory overhead Accumulated depreciation-factory equipment Factory overhead Cash 109. Finished goods inventory Work in process inventory 11 h. Cost of goods sold Finished goods inventory 12 Cash Sales 2 13 Cost of goods sold Factory overhead (sold) (unsold) process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used 120,000 Direct labor used 100,000 Factory overhead applied Total manufacturing costs 220,000 Add: Work in process March 31 Total cost of work in process 220,000 Less: Work in process April 30 Cost of goods manufactured 220,000 4.1 Compute gross profit for April Gross Profit 4.2 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories $
