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 Balances on March 31 Direct materials $ 29,000 $ 35,000 Direct labor 20,000 18,000 Applied overhead 10,000 9,000 Costs during April Direct materials 135,000 220,000 $100,000 Direct labor 85,000 105,000 Applied overhead Finished Status on April 30 (sold) (unsold) process 2 150,000 ? Finished ? In 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 General Journal tab. Prepare journal entries to record the transactions of Marcelino Company during the month of April Job Costs tab - Calculate the total cost, and account classification for each job worked on during April Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Marcelino Company during the month of April. Gross Profit tab - Calculate the gross profit on the sale of job(s) during April. Journal entry worksheet 1 2 3 4 6 7 8 13 a. Record the purchase of materials (on credit). Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Record entry Clear entry View general Journal 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 Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-downs, indicate which account in the ledger should include the job's costs as of April 30. Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total s Beginning Work in Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process Inventory 35,000 18,000 29,000 $ 20,000 10,000 59,000 9,000 62.000 $ 121,000 $ Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 135,000 $ 85,000 220,000 150,000 100,000 105,000 455,000 340,000 Total cost of jobs At the end of April, indicate which account should include each job's costs Complete this question by entering your answers in the tabs below. Job Costs Cost of Goods General General Requirement Trial Balance Gross Profit Ledger Journal Mfg Prepare a schedule of cost of goods manufactured for Marcelino Company for the month of April. Dates: Mar 31 to: Apr 30 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 Complete this question by entering your answers in the tabs below. Job Costs General General Cost of Goods Requirement Gross Profit Journal Trial Balance Ledger Mfg Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Marcelino Company for the month of April Dates: Mar 31 to: Apr 30 Gross profit 4