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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.

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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. Complete this question by entering your answers in the tabs below. General Journal tab - Prepare journal entries to record the transactions of Kennedy Company during the month of April. Job Costs tab - Calculate the total cost, and account classification for each job worked on during April. Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Kennedy Company during the month of April. Gross Profit tab-Calculate the gross profit on the sale of job(s) during April. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. 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. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet 345678 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured for Kennedy Company for the month of April. Complete this question by entering your answers in the tabs below. Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Kennedy Company for the month of April. Complete this question by entering your answers in the tabs below. General Ledger Account

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