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Problem 2-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information les to the questions displayed below) Marcelino Con March 31 inventory of raw materials is 580.000 Raw materials purchases in Aprs are 5500,000, and factory payroll cost in Apr is $387000 Overhead costs incurred in April be indirect matenas $59.000 indirect labor $27000factory rent, $36.000, factory res. $22.000 and factory equipment depreciation $60,000. The predetermined overhead rate is 50% of direct labor cost Job 306 15 sold for 5670.000 cash in April Costs of the three jobs worked on in April follow Job 306 Job 307 JOD 308 $ 32.000 23.000 11.500 $36.000 18.000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during Apr Drect materials Dvector Applied overhead 132,000 104,000 205,000 151,000 $110.000 105.000 Status on Apr 30 Finished sold Finished unsold in process Problem 2-1A Part 1 Required 1. Determine the total of each production cost incurred for April (direct labor direct matenals 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 Matenas 32.000 38.000 Direct Labor 18 000 23,000 11.500 68.000 41.000 20.500 9.000 Applied Overhead Beginning goods in process For April Direct Materials Direct Labor 132.000 104 000 205,000 151,000 110.000 105,000 447 000 360.000 Applied overhead Total costs added in April Total costs (April 30) Status on April 30 April 30 cost included in Finished (sold) Finished (unsold) in proces Problem 2-1A Part 2 a. Materials purchases (on credit) b. Direct matenals used in production c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead .. Overhead costs applied to Work in Process Inventory 1. Actual overhead costs incurred, including indirect materials (Factory rent and utilities are paid in cash 9. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306 I. Revenue from the sale of Job 306 Assignment of any underapplied or overapplied overhead to the cost of Goods Sold account (The amount is not material) 2. Prepare jumaltes for the month of Roel to record the overa Journal entry worksheet