Question
I need help with this accounting problem please. Sorry I couldn't fit it into one picture. I had to enlarge it enough to see. Thank
I need help with this accounting problem please. Sorry I couldn't fit it into one picture. I had to enlarge it enough to see. Thank you.
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $20,000; factory rent, $32,000; factory utilities, $20,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $670,000 cash in April. Costs of the three jobs worked on in April follow.
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