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 Balance on t he Balances on March 31 Direct Materials Direct labor Applied overhead Costs during April Job 306 Jcb 307 Job 302 $ 29,000 $35,000 20,000 10,000 10,00D 9,000 135,000 220,000 $100,000 85,000 150,000 105,000 272 Finished Finished In (un sold) proces Direct labor Applied overhead Statue on April 30 Complete this question by entering your answers in the tabs below. Requirement General General Journal Ledger Trial Balance Job Costs Cost of Goods stof goods Gross Profit INNERMO 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 ol Gross profit 2233 (Cost of Goods Mig 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 22 Job 306 Job 307 Job 308 Balances on March 31 2 23323423522 Direct materiala $ 29,000 $ 35, 000 2 22 Direco labor 20,000 10,000 Applied overhead 10,000 2 9,000 Coata during April Direct materials 135,000 220,000 $100,000 Direct labor e 5,000 150,000 105,000 Applied overhead 2 2 2 Status on April 30 hished in (sold) unsold) unsoldi process OS CE 333333 . Complete this question by entering your alswers in the tabs below. eneral General Cost of Goods Gross Profit Requirement Journal Trial Balance Dob Costs Ledger Mfg Prepare journal entries for the month of April's transactions. View transaction list SURES Journal entry worksheet 2 1 2 3 4 5 6 7 a. Record the purchase of materials (on NIR Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger hat Balance Job Costcost of Goods Mfo Gross Profit Dates: Mar 31 General Ledger Account SEOSES Cash Accounts receivable, net Debit Credit Date Debit Credit No Date Mar 31 Balance 450,000 Balance 180.000 SC Raw materials inventory Debit Credit No Date No Work in process inventory Date Debit Credit Mar 313 S. Mar 31 Balance 80,000 3 Balance 121,000 Factory Equipment Debit Credit Date Mar 31 Balance 510,000 Accumulated depreciation Factory equipment Date Debit Credit Balance Mar 31 153,000 Accounts payable Debit Credit No No. Date Mar 31 Common stock, 55 par value Date Debit Credit Mar 31 1 Balance 45.000 1 Balance 250,000 Retained earnings Debit Credit No Paid in capital in excess of par Common Date Debit Credit Balance Mar 31 150,000 No. Date Mar 31 Balance 743,000 (General Journal Trial Balance > $ 29,000 20,000 10,000 35.000 18,000 ,000 Balances on March 31 Direct materiala Direct labor Applied overhead Coats during April Direct materials Direct labor Applied overhead Status on $100,000 105,000 135,000 85,000 ? Finished (sold) 220.000 150.000 ? in hea (sold process Complete this question by entering your answers in the tabs below. Ery entering your answer Requirement + General Journal General Ledger control Cost of Goods Gros Profit Trial Balance Job Costs Cost of Goods to: Apr 30 333333 Dates: Mar 31 Marcelino Company Trial Balance April 30, 2017 Credit US Account Title Cash - Accounts receivable, net Raw materials inventory Work in process inventory Factory Equipment Accumulated depreciation - Factory equipment Accounts payable Common stock, 55 par value Padin capital in excess of par. Common Retained earings 450.000 180,000 80,000 121,000 510,000 153.000 45,000 250,000 150,000 743,000 Total 41.000 isola) Cunsola) 333333 process Complete this question by entering your answers in the tabs below. abs below Requirement General Journal General Ledger 23 Trial Balance Job Costs COC of Goods Home | Job Corte com Prof 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 Job 308 Job 306 Job 307 to: Apr 30 April Total S Beginning Work in Process (March costs) ts) Direct materials U Direct labor Applied overhead Total Beginning Work in Process inventory 29.000 20,000 10,000 59.000 35,000 18,000 9,000 62,000 121,000 $ Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 135,000 85,000 220,000 150,000 100,000 105,000 455,000 340,000 220,000 370,000 205,000 $ 795,000 Total cost of jobs At the end of April, indicate which account should include each job's costs 7 of 10