i got part 1 right and some of part 2-4

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 $88,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $24,000; factory rent, $37,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April $ 31,000 22,000 11,000 $ 39,000 16,000 8,000 215,000 Direct materials. Direct labor Applied overhead 132,000 103,000 7 153,000 $105,000 101,000 ? Finished Finished In Status on April 30 (sold) (unsold) 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). Job 306 Job 307 Job 308 April Total From March Direct Materials $ 70,000 38,000 Direct Labor Applied overhead 19,000 Beginning goods in process $ 127,000 For April Direct Materials 452,000 Direct Labor 357,000 Applied overhead 178,500 Total costs added in April 987,500 Total costs (April 30) 1,114,500 Status on April 30 April 30 cost included in: $ 31,000 22,000 11,000 64,000 132,000 103,000 51,500 286,500 $ 350,500 Finished (sold) Cost of goods sold $ $ 39,000 16,000 8,000 63,000 215,000 153,000 76,500 444,500 $ 507,500 Finished (unsold) Finished goods inventory $ $ 0 105,000 101,000 50,500 256,500 $ 256,500 In process Work in process inventory $ Problem 15-1A Part 2 a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory. h. Cost of goods sold for Job 306. 1. Revenue from the sale of Job 306. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) 2. Prepare journal entries for the month of April to record the above transactions. View transaction list View journal entry worksheet jung lendi No General Journal Credit Debit 540,000 1 Raw materials inventory Accounts payable Work in process inventory 452,000 Raw materials inventory 357,000 Work in process inventory Cash 24,000 Factory overhead Cash 178 500 Work in nerace imantan / V N 2 3 4 Transaction a. b. C. d. D 540,000 452,000 357,000 24,000 Information 6. (1). 1(2) f(3). 1(4). 9 h. L J www Work in process inventory Factory overhead Factory overhead Raw materials inventory Factory overhead Cash Factory overhead Cash Factory overhead Accumulated depreciation-factory equipment Finished goods inventory Work in process inventory Cost of goods sold Finished goods inventory Cash Sales Cost of goods sold Factory overhead >> 33 > * > X 33 178,500 55,000 37,000 X 22,000 54,000 350,500 695,000 22,000 3 * 178,500 55,000 37,000 22,000 54,000 350,500 695,000 22,000 TUVANJ (unsold) Problem 15-1A Part 3 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 Direct labor used Factory overhead applied Total manufacturing costs Add: Work in process March 31 Total cost of work in process Less: Work in process April 30 Cost of goods manufactured $ 452,000 357,000 178,500 987,500 987,500 256,500 731,000 process Problem 15-1A Part 4 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 48 Compute gross profit for April. Gross profit Required A Required 48 > Problem 15-1A Part 4 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 48 Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials $ 121,000 Work in process 256,500 Finished goods 507,500 Total inventories 885,000