Make a general journal chart:

1a. Record the purchase of materials (on credit).

2b. Record direct materials used in production.

3c. Record direct labor paid and assigned to Work in Process Inventory.

4d. Record indirect labor paid and assigned to Factory Overhead.

5e. Record overhead costs applied to Work in Process Inventory.

6f1. Record the cost of indirect materials used.

7f2. Record the cost of factory utilities paid in cash.

8f3. Record the depreciation on factory equipment.

9f4. Record the cost of factory rent, paid in cash.

10g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory.

11h. Record the cost of goods sold for Job 306.

12i. Record the revenue from the cash sale of Job 306.

13j. Record the assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.)

Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. 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. 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 $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 220,000 150,000 $100,000 105,000 135,000 85,000 ? Finished (sold) Finished (unsold) In process