Kennedy Co.'s March 31 inventory of raw materials is $110,000, Raw materials purchases in April are $600,000, and factory payroll cost in April is $441,000. Overhead costs incurred in April are: indirect materials, $93,000; indirect labor, $41,000; factory rent, $29,000; factory utilities, $31,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 60% of direct labor cost Job 306 is sold for $760,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Dalances on March 31 Diret materials $ 41,000 $ 53,000 Direct labor 32,000 24,000 Applied overhead 19,200 14,400 Costs during April Direct materials 147,000 238,000 $112,000 Direct labor 109,000 180,000 111,000 Applied overhead Finished Finished In Status on April 30 (sold) (unsold) process es 2 Complete this question by entering your answers in the tabs below. Cost of Goods Mfg Gross Profit General General Requirement Journal Job Costs Ledger Trial Balance Prepare journal entries for the month of April's transactions. View transaction list Tarlant IALohan View transaction list Journal entry worksheet Journal entry worksheet 1 2 2 3 4 - 5 6 6 7 8 13 c. Record direct labor paid and assigned to Work in Process Inventory. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet 5 6 7 13 00 f2. Record the cost of factory utilities paid in cash. Note: Enter debits before credits. Account Title Dobit Credit Dato Apr 30 Record entry Clear entry View general journal Journal entry worksheet 9 f4. Record the cost of factory rent, paid in cash. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Journal entry worksheet Kennedy Company Trial Balance April 30, 2019 Account Title Debit Credit $ 510,000 204,000 110,000 183,600 570,000 Cash Accounts receivable, net Raw materials inventory Work in process inventory Factory Equipment Accumulated depreciation. Factory equipment Accounts payable Common stock, $5 par value Paid-in capital in excess of par - Common Retained carings Total 171,000 57.000 256,000 156,000 937,600 1,577,600 $ 1,577,600 S 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. Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total $ 53,000 Beginning Work in Process (March costs) Direct inaterials Direct labor Applied overhead Total Beginning Work in Process inventory 41,000 S 32.000 19,200 92.200 24,000 14,400 91,400 $ nces 183.600 $ Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 147,000 $ 109,000 238,000 180.000 112.000 111.000 497,000 400,000 0 256,000 418,000 223,000 $ 897.000 Total cost of jobs At the end of April, indicate which account should Include each job's costs Trial Balance Cost of Goods Mife Prepare a schedule of cost of goods manufactured for Kennedy Company for the month of April. Dates: Mar 31 to: Apr 30 KENNEDY COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process 1 Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Kennedy Company for the month of April. Dates: Mar 31 to: Apr 30 0 0 Gross profit Cost of Goods Mig Gross Pro