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 Balances on March 31 Direct materials $ 29,000 35,000 20,000 10,000 Direct labor 18,000 9,000 Applied overhead Costs during April Direct materials 220,000 $100,000 150,000 135,000 85,000 Direct labor 105,000 Applied overhead Finished Finished In Status on April 30 (sold) (unsold) process Journal entry worksheet 13 2 4 6 8 a. Record the purchase of materials (on credit) Note: Enter debits before credits. Credit Date Account Title Debit Apr 30 View general journal Record entry Clear entry Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total Beginning Work in Process (March costs) Direct materials 29,000 $ 35,000 Direct labor 20,000 18,000 Applied overhead 10,000 9,000 Total Beginning Work in Process in 59,000 62,000 121,000 ventory Costs added in April 35,000 $ 220,000 Direct materials 100,000 455,000 Direct labor 150,000 340,000 85,000 105,000 Applied overhead Total costs added in April Total cost of jobs At the end of April, indicate which account s include each job's costs. houl 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 Gross profit