Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $386,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $28,000; factory rent. $39.000; factory utilities, $24,000; and factory equipment depreciation, $56,000. 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 Job 307 Job 308 $ $ Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead 26,000 24,000 12,000 40,000 18,000 9,000 138,000 104,600 ? Finished (sold) 210,000 153,000 ? Finished (unsold) $ 115,000 101, 000 ? In process Status on April 30 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials $ 26,000 $ 40,000 $ 66,000 Job 306 Job 307 Job 308 April Total From March Drect Materials $ S Direct Labor Applied overhead Beginning goods in process For April Direct Materials 26,000 24,000 12,000 62,000 40,000 18,000 9,000 67,000 $ 66.000 42,000 21,000 $ 129,000 $ S $ 0 463,000 138,000 104,000 210,000 153,000 115,000 101,000 358.000 0 242,000 363,000 216,000 821,000 Direct Labor Anplied overhead Total costs added in April Total costs (April 30) Status on April 30 Apni 30 cast included in $ 0 Finished (sold) Finished (unsold) In process a. Materials purchases (on credit) b. Direct materials used in production c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. i. Revenue from the sale of Job 306. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) 2. Prepare journal entries for the month of April to record the above transactions, View transaction list Journal entry worksheet