Jones Co.'s March 31 inventory of raw materials is $90.000 Raw materials purchases in April are $570,000, and factory payroll cost in April is $389,000 Overhead costs incurred in April are indirect materials, 591000: Indirect labor, $29.000, factory rent. $63,000 factory utilities. $23,000, and factory equipment depreciation $53,000 The predetermined overhead rate is 70% of direct labor cost Job 306 is sold for $680.000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 302 Job Balances on March 31 Direct waferials $ 33,000 5.41,000 Direct labor 24,000 20,000 Applied overhead 16,800 14,000 Costs during April Direct materials 130,000 220,000 5104.000 Direct labor 93,000 160,000 107,000 Applied overhead Status on April 30 Finished Finished In (sold) (unsold process > Complete this question by entering your answers in the tabs below. Jones Co.'s March 31 inventory of raw materials is $90.000 Raw materials purchases in April are $570,000, and factory payroll cost in April is $389,000 Overhead costs incurred in April are indirect materials, 591000: Indirect labor, $29.000, factory rent. $63,000 factory utilities. $23,000, and factory equipment depreciation $53,000 The predetermined overhead rate is 70% of direct labor cost Job 306 is sold for $680.000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 302 Job Balances on March 31 Direct waferials $ 33,000 5.41,000 Direct labor 24,000 20,000 Applied overhead 16,800 14,000 Costs during April Direct materials 130,000 220,000 5104.000 Direct labor 93,000 160,000 107,000 Applied overhead Status on April 30 Finished Finished In (sold) (unsold process > Complete this question by entering your answers in the tabs below. View transaction list View journal entry worksheet 1 a. Record the purchase of materials (on credit). 2 b. Record direct materials used in production. nei 3 c. Record direct labor paid and assigned to work in Process Inventory. 4 d. Record indirect labor paid and assigned to Factory Overhead. e. Record overhead costs applied to Work in Process Inventory 6 fi. Record the cost of indirect materials used. Sheet 6 6 fi. Record the cost of indirect materials used. 7 f2. Record the cost of factory utilities paid in cash. ner 8 f3. Record the depreciation on factory equipment. 9 f4. Record the cost of factory rent, paid in cash. 10 g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory 11 h. Record the cost of goods sold for Job 306. 12 i. Record the revenue from the cash sale of Job 306. Note : = journal entry has been entered 8 f3. Record the depreciation on factory equipment. 9 9 f4. Record the cost of factory rent, paid in cash. 10 g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. 11 h. Record the cost of goods sold for Job 306. 12 i. Record the revenue from the cash sale of Job 306. 13 j. Record the assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) Note : = journal entry has been entered Prepare a schedule of cost of goods manufactured for Jones Company for them Dates: 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