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 Aprilare: indirect materials, $50,000 indirect labor. $23.000, factory rent. $32000: 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 $ 35,000 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 30 135,000 65.000 220,000 150,000 $100,00 105.000 Finished (sold) Finished (unsold) In process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Gross Profit General Journal tab - Prepare journal entries to record the transactions of Marcelino Company during the month of April Status on April 30 (sold) (unsold) In process Complete this question by entering your answers in the tabs below. Cost of Goods Requirement General Journal General Ledger Trial Balance Job Costs Gross Profit Mfg 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 General Journal > Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Cost of Goods Gross Profit Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 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 30 1 of 1 N Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Dates: Mar 31 to: Apr 30 General Ledger Account Cash No. Debit Date Mar 31 Credit Accounts receivable, net Debit Credit Date Balance 450.000 Mar 31 Balance 180.000 Raw materials inventory Debit Credit No. Work in process inventory Debit Credit Date Mar 31 No. Balance 80,000 Date Mar 31 Balance 121.000 Factory Equipment Debit Credit No. No. Date Mar 31 Balance 510.000 Accumulated depreciation - Factory equipment Date Debit Credit Balance Mar 31 153.000 Accounts payable Common stock, 55 par value Debit Credit No. Date Debit Credit Balance No Date Balance 10 E Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Dates: Mar 31 to: Apr 30 Marcelino Company Trial Balance April 30, 2019 Debit Credit 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 Paldin Capital in excess of par. Common Retained earnings Total 450.000 180,000 80.000 121 000 510.000 153 000 45.000 250.000 150.000 743.000 000 COS Requirement General Journal General Ledger Trial Balance Job Costs osts 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 35 000 Beginning Work in Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process inventory 16000 29000 20.000 10.000 59.000 52 000 121.000 135 000 220.000 TO0.000 455 000 340 000 Costs added in April Direct materials Direct labor Applied overhead Total costs added in on 85.000 10 05.00 Total cost of jobs At the end of Art indicate which account should 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 29,000 20,000 10.000 59.000 35,000 18,000 9,000 62,000 121.000 $ 135 000 85000 Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 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. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit 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 Job Costs Gross Profit > 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 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