line roviowing wrormation appes to the questions displayed below) Marcelino Co's March 31 Inventory of raw materials is $87,000, Raw materials purchases in April are $540,000, and factory payroll cost in April is $387.000. Overhead costs incurred in April are indirect materials, $57.000 indirect labor, $28,000 factory rent. 540,000; factory Utilities. $21,000, and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April Costs of the three jobs worked on in April follow Sob 306 Job 307 Job 303 Balances on March 31 Direct materials $ 29,000 $ 45,000 Direct labor 15,000 Applied overhead 12,000 7,500 Costs during April Direct materials 137.000 210,000 $105.000 Direct labor 105,000 153,000 10.000 Applied overhead Status on April 30 Finished Finished (solo) (unsold) process 24,000 > In Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 34 Job 306 Job 307 Job 308 April Total 5 s From March Direct Materials Direct Labor Applied overhead Beginning goods in process For Art Orect Materiais Direct Labor Applied overhead Total costs added in April 29.000 24.000 12.000 65.000 45.000 15.000 7.500 67.500 574.000 39,000 19.500 $ 132 500 5 $ 137.000 105.000 210.000 153,000 105.000 104.000 452000 359.000 12.000 123 000 256.000 350.000 206.000 Total costs And 30) S 0 Status on Art 30 Finished (0) Finished sold in process Marcellino Co's March 31 Inventory of raw materials is $87,000 Raw materials purchases in April are $540,000, and factory payroll cost in April is $387,000. Overhead costs incurred in Aprilare Indirect materials $57,000 indirect labor $28,000. factory rent, $40,000, factory utilites, 521,000, and factory equipment depreciation S57000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for 5675,000 cash in April. Costs of the three jobs worked on in April follow 3oh 3 Jobs $ 29,000 24,000 12,000 $ 45,000, 15,000 7.500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 137,000 105,000 $105,000 103.000 210,000 15,000 > Finished (unsold) Finished (old) In process 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 1. 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 Revenue from the sale of Job 306 J. Assignment of any underapelled or overapplied overhead to the cost of Goods Sold account. The amount is not materials 2. Prepare journal entiles for the month of Apell to record the above transactions View transactions Journal entry worksheet 13 D Required information [The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $387000 Overhead costs incurred in April are: Indirect materials, $57,000; indirect labor $28,000; factory rent, $40,000, factory utilities. $21000; and factory equipment depreciation, $57.000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow Job 305 Job 307 Job 308 $ 29, een 24,000 12,000 $ 45,000 15,000 7.500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 137,000 105, een 210,000 153,000 $105,000 101,000 Finished (sold) Finished (unsold) In process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured 0