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Marcelino Co's March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $382,000.

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Marcelino Co's March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $23,000; factory rent, $37,000, factory utilities, $20,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Balances on March 31 Job 307 Job 308 Direct materials $ 28,000 $ 41,000 Direct labor 22,000 17,000 Applied overhead 11,000 8,500 Costs during April Direct materials 136,000 210,000 $115,000 Direct labor 103,000 155,000 101,000 Applied overhead Finished Finished Status on April 30 In (sold) (unsold) process ? 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 0 Total manufacturing costs Total cost of work in process 0 $ 0 Cost of goods manufactured Marcelino Co's March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $52,000; Indirect labor, $23,000; factory rent, $37,000; factory utilities, $20,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 307 Job 308 Balances on March 31 Direct materials $ 28,000 $ 41,000 Direct labor 22,000 17,000 Applied overhead 11,000 8,500 Costs during April Direct materials 136,000 210,000 $115,000 Direct labor 103,000 155,000 101,000 Applied overhead Finished Status on April 30 Finished (sold) (unsold) process ? In 4-a. Compute gross profit for April. 4-b. Show how to present the inventories on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Required 4A Required 48 Compute gross profit for April. Gross profit Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories

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