Lances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) sts during April Direct materials Direct labor Applied overhead Status on April 30 tional Information $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 135,000 85,000 ? Finished (sold) 220,000 150,000 ? Finished (unsold) $ 100,000 105,000 ? In process aw Materials Inventory has a March 31 balance of $80,000. aw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. ctual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, 32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. edetermined overhead rate is 50% of direct labor cost. >b 306 is sold for $635,000 cash in April. Answer is not complete. omplete this question by entering your answers in the tabs below. quirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit Mfg Iculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs ich account in the ledger should include the job's costs as of April 30. Job 306 Job 307 inning Work in Process (March costs) irect materials $ 29,000 $ 35,000 irect labor 20,000 18,000 verhead applied 10,000 9,000 I Beginning Work in Process inventory 59,000 62,000 ts added in April irect materials Job 308 April Total $ 121,000 $ 135,000 $ 220,000 100,000 455,000 irect labor 85,000 150,000 105,000 340,000 verhead applied 42,500 75,000 52,500 170,000 I costs added in April I cost of jobs 262,500 445,000 257,500 $ 965,000 $ 321,500 $ 507,000 $ 257,500 $ 1,086,000 e end of April, indicate which account Cost of goods Finished goods uld include each job's costs. sold inventory Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Costs during April Direct materials Direct labor 135,000 Applied overhead Status on April 30 Additional Information 85,000 ? Finished (sold) 220,000 $ 100,000 150,000 ? Finished (unsold) 105,000 ? In process a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; facto utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Answer is not complete. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Cost of Goods Trial Balance Job Costs Gross Profit Mfg Marcelino Company Trial Balance March 31, 2021 Account Title Cash Accounts receivable, net Raw materials inventory Work in process inventory Finished goods inventory Factory Equipment Accumulated depreciation Factory equipment Accounts payable Common stock, $5 par value Paid-in capital in excess of par - Common Retained earnings Sales Cost of goods sold Total Debit Credit $ 671,000 180,000 75,000 257,500 507,000 510,000 204,000 545,000 250,000 150,000 743,000 635,000 326,500 $ 2,527,000 $ 2,527,000 Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Costs during April Direct materials Direct labor 135,000 Applied overhead Status on April 30 Additional Information 85,000 ? Finished (sold) 220,000 150,000 ? Finished (unsold) $ 100,000 105,000 ? In process a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; facto utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Answer is not complete. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare a schedule of cost of goods manufactured for Marcelino Company for the month of April. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process < Job Costs Gross Profit > Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) Direct labor (in March) $ 29,000 20,000 Applied overhead (March) 10,000 Costs during April Direct materials Direct labor 135,000 Applied overhead Status on April 30 Additional Information 85,000 ? Finished (sold) $ 35,000 18,000 9,000 220,000 $ 100,000 150,000 ? Finished (unsold) 105,000 ? In process a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Answer is not complete. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Marcelino Company for the month of April. 0 0 Gross profit < Cost of Goods Mfg Gross Profit >