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.

1. Prepare journal entries to record the transactions of Marcelino Company during the month of April.

2. Calculate the total cost, and account classification for each job worked on during April.

3. Prepare a schedule of cost of goods manufactured for Marcelino Company during the month of April.

4. Calculate the gross profit on the sale of job(s) during April.

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. to: Apr 30 Post-closing Dates: Mar 31 Job 306 Job 307 Job 308 April Total Beginning Work in Process (March costs) 35.000 29,000 Direct materials 20.000 18,000 Direct labor Applied overhead 10,000 9,000 59.000 62.000 121,000 Total Beginning Work in Process inventory Costs added in April 220,000 Direct materials 135,000 100,000 455,000 85.000 105,000 150,000 340,000 Direct labor 42.500 75,000 52.500 170,000 Applied overhead 965,000 445,000 257,500 Total costs added in April 321,500 507,000 257,500 1,086,000 Total cost of jobs At the end of April, indicate which account should include each job's costs