L Required information Problem 2-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below] Marcelino Co's March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $377,000. Overhead costs incurred in April are: indirect materials, $56,000, indirect labor, $22,000; factory rent, $31,000; factory utilities,"$25,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 41,000 Direct materials Direct labor Applied overhead 26,000 22,000 11,000 15,000 7,500 Costs during April 205,000 $105,000 153,000 101,000 Direct materials Direct labor Applied overhead Status on April 30 101,000 In Finished inished (unsold) (sold) process Learn How to Speed It Up Don't Tell Me Age 42 PM do 3/27/2013 s slow... to... start. Check my work Required information Journal entry worksheet 3 4 5 6 Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry Don't Tell Me Learn How to Speed it Up 642 ow... to... start. Check my work Required information Problem 2-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed belowj Marcelino Co's March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $377000. Overhead costs incurred in April are: indirect materials, $56.000; indirect labor, $22.000; factory rent, $31,000; factory utilities, $25,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follovw Job 306 Job 307Job 308 Balances on March 31 Direct mate ials Direct labor Appiied overhead s 26,000 41,000 15,000 7,500 22,000 11,000 Costs during April Direct materials 139,000 101,000 205,000 $L05,000 201,000 153, 000 Direct labox Appiied overhead Status on April 30 Finished Finshed sold) unsoldprocess Prev34 Next > Learn How to Speed It Up Don't Tell Me Again X ow... to... start 643 PM o search Ch Problem 2-1A Part 3 f 4 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 ok nt Total manufacturing costs Total cost of work in process Cost of goods manufactured nces 3 4 of 4 Next >