manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 28,000 23,000 11,500 $ 42,000 15,000 7,500 Balances on March 31 Direct materials used in March) Direct labor used in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 205,000 151,000 140,000 102,000 ? Pinished (sold) $ 120,000 104,000 2 Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $384.000. c. Actual overhead costs incurred in April are indirect materials, $51,000; Indirect labor, $27,000; factory rent. $37,000; factory utilities, $19,000; and factory equipment depreciation, $56,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $700,000 cash in April. Problem 15-2A (Algo) Part 2 Problem 15-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total $ $ 28,000 23,000 11,500 42,000 15,000 7,500 $ 0 March Direct materials Direct labor Overhead applied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: 140,000 102,000 205,000 151,000 120,000 104.000 465,000 357,000 0 822,000 0 242,000 356,000 224,000 $ Finished (sold) Finished (unsold) In process