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 300 $ 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 ces 135,000 85,000 220,000 150,000 $100,000 105,000 Finished (sold) Finished (unsold) In process Trial Balance Job Costs General Journal General Ledger G Cost of Goods Mfg Requirement 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 Record entry Clear entry View general journa Journal entry worksheet . 13 . e. Record overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Record entry Clear entry View general journal Journal entry worksheet h. Record the cost of goods sold for Job 306. Note: Enter debits before credits. Account Title Date Apr 30 Debit Credit Record entry Clear entry View general journal Journal entry worksheet