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its eBook Print Merences Egert Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on
its eBook Print Merences Egert Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March)) Costs during April Direct materials Direct labor Applied overhead $ 29,600 20,600 10,300 $ 35,900 18,300 9,150 135,600 86,200 220,900 $ 100,300 151,500 2 105,300 7 Status on April 30, Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $81,500. b. Raw materials purchases in April are $500,600, and total factory payroll cost in April is $366,300. c. Actual overhead costs incurred in April are indirect materials, $50,300; indirect labor, $23,300; factory rent, $32,300; factory utilities, $19,300; and factory equipment depreciation, $51,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $600,000 cash in April. a. Raw Materials Inventory has a March 31 balance of $81,500. b. Raw materials purchases in April are $500,600, and total factory payroll cost in April is $366,300. c. Actual overhead costs incurred in April are indirect materials, $50,300; indirect labor, $23,300; factory rent, $32,300; factory utilities, $19,300; and factory equipment depreciation, $51,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $600,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, indicate which account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total Beginning Work in Process (March costs) Direct materials $ 29,600 $ 35,900 Direct labor 20,600 18,300 Overhead applied Total Beginning Work in Process inventory Costs added in April 10,300 9,150 60,500 63,350 $ 123,850 Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April, indicate which account should $ 135,600 $ 220,900 100,300 456,800 86,200 151,500 105,300 343,000 include each job's costs. a. Raw Materials Inventory has a March 31 balance of $81,500. b. Raw materials purchases in April are $500,600, and total factory payroll cost in April is $366,300. c. Actual overhead costs incurred in April are indirect materials, $50,300; indirect labor, $23,300; factory rent, $32,300; factory utilities, $19,300; and factory equipment depreciation, $51,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $600,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Gods Gross Profit Mfg Prepare a schedule of cost of goods manufactured for Egert Company for the month of April. EGERT COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 29,600 20,600 10,300 $ 35,900 18,300 9,150 135,600 86,200 7 Finished (sold) 220,900 151,500 2 Finished $ 100,300 105,300 2 (unsold) In process a. Raw Materials Inventory has a March 31 balance of $81,500. b. Raw materials purchases in April are $500,600, and total factory payroll cost in Apri is $366,300. c. Actual overhead costs incurred in April are indirect materials, $50,300; indirect labor, $23,300; factory rent, $32,300; factory utilities, $19,300; and factory equipment depreciation, $51,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $600,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Egert Company for the month of April. Gross profit
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