Jones Company shows the following costs for three jobs worked on in April Job 306 Job 302 Jobs $ 29,400 20,400 10.200 $ 35,600 18,200 9,100 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 30 135,400 85,800 220,600 151,000 $ 100,200 105,200 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $81,000 b. Raw materials purchases in April are $500,400, and total factory payroll cost in Apnl is $365 200 c. Actual overhead costs incurred in April are indirect materials $50,200, indirect labor. $23,200, factory rent $32200 factory utilities, $19.200; and factory equipment depreciation, $51,400 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $590,000 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 Mlg Gross Profit Prepare fournal entries for the month of April's transactions. NO Date Account Title Debit Credit No. Date March 31 Debit Credit Balance 454,000 No Debit Date March 31 Credit Balance 184.000 Raw materials inventory Debit Credit No. Date March 31 Balance 81.000 No Work in proces inventory Date Debit Credit March 31 Balance 122.500 Factory Equipment Debit Credit No. No. Date March 31 Balance 511,000 Accumulated depreciation Factory equipment Date Debit Credit Balance March 31 154 000 Accounts payable Debit Credit No. Balance No. Date March 31 Common stock, 55 par voie Date Debit Credit March 31 Balance 254,000 45.400 Retained earnings Debit Credit Pald.in capital in excess of par. Common Date Debit Credit Balance March 31 154 000 No. No. Date March 31 Balance 745,500 Trial Balance March 31, 2021 Credit $ Account Title Cash Accounts receivable, net Raw materials inventory Work in process inventory Factory Equipment Accumulated depreciation - Factory equipment Accounts payable Common stock, 55 par value Pald-in capital in excess of par - Common Retained earnings Total Debit 454 000 184 000 81000 122.900 511 000 158,000 45.400 254 000 154000 745.500 1352 900 1,352 900 5 * Job 306 Job 301 Joli pril $ $ 29.400 20,400 10.200 60,000 35.600 18,200 9,100 62.900 $ 122.500 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April indicate which account should include each job's costs. $ 135.400 $ 220,600 85 800 151000 49.600 3 69 600 270.800 441 200 $ 330.800 $ 504,100 Cost of goods Finished goods sold Inventory 100.200 106.200 5.000 210 400 210.400 Work in process inventory 456,200 342.000 124.200 922 400 1.045 300 $ $ 5 > Prepare a schedule of cost of goods manufactured for Jones Company for the month of April JONES COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods MO Grans Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for ons Company for the month of April. es 0 0 Gross profit WG Home Journal entry worksheet