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 Sk $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied over head Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 85,000 220,000 150,000 2 Finished (unsold) $100,000 105,000 2 In process Finished (sold) Complete this question by entering your answers in the tabs below. Cost of Goods Mfg Gross Profit General General Requirement Journal Trial Balance Job Costs Ledger Prepare journal entries for the month of April's transactions. Prey 1 of 1 !!! Next General Journal General Ledger Requirement Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 1 2. 3 4 5 6 7 8 13 > ... a. Record the purchase of materials (on credit). Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Prey 1 of 1 Next 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 fob's costs as of April 30. Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total $ 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 0 795,000 220,000 370,000 205,000 $ Total cost of jobs At the end of April, indicate which account should include each job's costs Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mrg Gross Profit to: Apr 30 Prepare a schedule of cost of goods manufactured for Marcelino Company for the month of April. Dates: Mar 31 MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used es Total manufacturing costs added during April Total cost of work in process