I need help with parts 3 and 4. I have included parts 1 and 2 for reference.

16 ! Part 3 of 4 Required Information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. 3 points Job 306 Job 307 Job 308 $ 32, eee 23, 11,500 $ 40,00 14, eee 7, eee Balances on March 31 Direct materials used in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 138, eee 1ee, eee 2e5, eee 154,80 $ 119,80 102,080 ? Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $540,000, and total factory payroll cost In April is $386,000. c. Actual overhead costs incurred in April are Indirect materials, $50,000; Indirect labor, $30,000; factory rent, $38,000; factory utilities, $24,000; and factory equipment depreciation, $62,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $670,000 cash in April. a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work In Process Inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and pald In cash) and assigned to Factory Overhead. t. 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. 1. 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: 1. Determine the amount of overhead applied to each Job in April. Answer is complete and correct. 307 306 308 April Total s 100.000 s s S Direct labor Predetermined overhead rate 154,000 0.50 77,000 102.000 0.50 356.000 0.50 0.50 50,000 Overhead applied S $ $ 51,000 S 178,000 2. Determine the total cost assigned to each job as of April 30 (Including the balances from March 31). Answer is complete and correct. Job 306 Job 307 Job 308 April Total March Is 32,000 S 40.000 Direct materials Direct labor 23,000 14.000 11.500 7.000 Overhead applied Work in process, beginning April $ 66,500 S 61.000 s 0 Is 127,500 Direct materials 138.000 205.000 110,000 453,000 154.000 Direct labor Overhead applied 100,000 50.000 102,000 51,000 350,000 178,000 77.000 Costs added in April Total costs Status on April 30 436.000 497.000 263,000 263,000 987,000 1,114,500 IS S IS 288,000 IS 354,500 Finished (sold) Cost of goods sold In process Finished (unsold) Finished goods inventory April 30 cost included in: Work in process inventory 16 Required information Answer is not complete. Part 3 of 4 No Transaction General Journal Debit Credit 1 540,000 Raw materials inventory Accounts payable Points 540,000 points 2 b. 263.000 Work in process inventory Raw materials inventory 9 263,000 3 c. 356,000 Work in process inventory Cash 356.000 4 d. Factory overhead 50.000 Raw materials inventory 50.000 5 30.000 Factory overhead Cash 30.000 6 f. 177.250 X Work in process inventory Factory overhead 177.250 7 9 62,000 Factory overhead Cash OO 62,000 8 h. Finished goods inventory Work in process inventory Olo 9 i. Cost of goods sold Finished goods inventory DO 10 Cash 670.000 Olo Sales 670,000 11 k. Cost of goods sold Factory overhead SIS 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0