Journal entry worksheet Record the direct materials used in production. Note: Enter debits before credits. Journal entry worksheet 1678 Record the Cost of goods sold for Job 306. Note: Enter debits before credits. Journal entry worksheet 2 5 Record depreciation on factory equipment. Note: Enter debits before credits. Note: Enter debits before credits. Record the indirect labor paid and assigned to Factory Overhead. Note: Enter debits before credits. Journal entry worksheet Record the entry for Overhead costs appliey to Work in Process Inventory. Note: Enter debits before credits. Journal entry worksheet 78 Record the Direct labor paid and assigned to Work in Process Inventory. Note: Enter debits before credits. Journal entry worksheet Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Journal entry worksheet (1) ,4 6 7 Record the cost of factory rent, paid in cash. Note: Enter debits before credits. Journal entry worksheet (1) 6 Record the entry for assignment of any underapplied or overapplied overhead to the Cost of Goods Sold. Note: Enter debits before credits. Journal entry worksheet 16789 Record the revenue from the sale of Job 306. Note: Enter debits before credits. Journal entry worksheet (1) 567 13 Record the entry for transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $27,000; factory rent, $40,000; factory utilities, $23,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the three jobs worked on in April follow. a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory. h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) Journal entry worksheet 235 Record the cost of factory utilities, paid in cash. Note: Enter debits before credits