M Total costs 1,43 Costs $ 1,657 EUP 487 $ - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Direct materials - Current period Direct materials - Prior period Conversion - Current period Conversion - Prior period Total costs to account for: $ 0.00 $ Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Cost Assignment and Reconciliation Prex 1 of 1 M Saved Help Say Required information Problem 02.1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 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 $510.000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: Indirect materials, $55.000, Indirect labor, $28.000 factory rent, $39,000, 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 $650,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 30 Sob 100 Balances on March 31 Direct materials $ 27,000 5.43,000 Direct labor 23,000 13,000 Applied overhead 11,500 6,500 Costs during April Direct materials 133,000 210,000 $ 105,000 Direct labor 100,000 153,000 104,000 Applied overhead Finished Finished Status on April 30 (sold) In process (unsold) Problem 02-1A Part 2 Required information 2. Prepare journal entries for the month of April to record the above transactions Answer is not complete. No Transaction General Journal Credit 1 Raw materials inventory Accounts payable SO Debit 510,000 510,000 2 b Work in process inventory Raw materials Inventory 87.000 3 C Work in process Inventory Cash 4 d Factory overhead Cash Work in process inventory . w not indicate con Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [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 $510,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are Indirect materials, $55,000; indirect labor, $28,000 factory rent, $39,000; 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 $650,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 $ 27,000 23,000 11.500 $ 43,000 13,000 6,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 133,000 100,000 210,000 153,000 $ 105,000 104,000 Finished (sold) Finished (unsold) In process Problem 02-1A Part 2 CS 3 Required information - Prepare journal entries for the month of April to record the above transactions Answer is not complete. No Transaction General Joumal Debit Credit 1 Raw materials inventory Accounts payable 510,000 O 510.000 2 b 87.000 Work in process inventory Raw materials inventory 3 Work in process inventory Cash 4 d Factory overhead Cash O 5 Work in process inventory Factory overhead DO
