Marcelino Co's March 31 Inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payrol cost in April is $363,000. Overhead costs incurred in Aprilare: 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, eee 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 3e 135.000 B5,000 220,000 150,000 7 Finished (unsold) $100,000 105,000 ? In process Finished (sold) Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mig Gross Pront Prepare journal entries for the month of April's transactions. Journal entry worksheet 8 6 1 4 5 7 2 3 > ning Enabled Fall 2021 Test 2 Part 1 Romant General Journal General Leder Tha Balance Job Coast Cost of My Gross Pront Prepare journal entries for the month of Aan's transactions Journal entry worksheet 2 3 4 5 8 13 D. Record direct materials used in production Date A 30 Account Thule Debit Credit Record entry Clear entry View general Journal Requirement General Ledger > Prev 1 of 2 Next > Journal entry worksheet Prey 1 of 2 Next > Requirement weneca Journal Ledger Trial Balance Job Cost Cost of Goods Mfo Gross Profil Prepare journal entries for the month of April's transactions View transaction ist Journal entry worksheet 3 5 6 7 8 13 d. Record indirect labor paid and assigned to Factory Overhead. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Record entry Clear entry View general Journal Prev 1 of 2 Next > Prepare journal entries for the month of April's transactions. View transaction ist Journal entry worksheet e Record overhead costs applied to Work in Process Inventory. Note: Enter debits before credits Account Title Date Apr 30 Debit Credit Record entry Clear entry View general journal Prev 1 of 2 Next > View transaction list Journal entry worksheet 8 13 7 ..... 3 4 2 5 Prey 1 of 2 !!! Next > Journal entry worksheet f2. Record the cost of factory utilities paid in cash. Note: Enter debits before credits Account Title Debit Credit Date Apr 30 Record entry Clear entry View general Journal Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 13 > 7 . 6 2 4 5 Prev 1 of 2 Next > Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet > 13 9 6 7 Prey 1 of 2 Next > . Journal Ledger Mfg Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet g. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Prey 1 of 2 Next > View transaction list Journal entry worksheet 6 7 10 11 . 13 h. Record the cost of goods sold for Job 306. Note: Enter debits before credits Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet 6 1 7 8 9 10 13 11 12 i. Record the revenue from the cash sale of Job 306. Note: Enter debits before credits Account Title Debit Credit Date Apr 30 Record entry Clear entry View general journal Prev 1 of 2 Next > Journal entry worksheet j. Record the assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) Note: Enter debits before credits: Date Account Title Debit Credit Apr 30 Record entry Clear entry View general Journal Prev 1 of 2 Next >
