Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $26,000; factory rent, $32,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow.

Materials purchases (on credit). Direct materials used in production. Direct labor paid and assigned to Work in Process Inventory. Indirect labor paid and assigned to Factory Overhead. Overhead costs applied to Work in Process Inventory. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) Transfer of Jobs 306 and 307 to Finished Goods Inventory. Cost of goods sold for Job 306. Revenue from the sale of Job 306. 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.

please help

factory payroll cost in April is $384,000. Overhead costs incurred in April are indirect m seupand: $26,000; factory rent, $32,000, factory utilities, $20,000, and factory equipment depre predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $640,000 jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct $ 26,900 $ 43,000 materials Direct labor Applied overhead Costs during April 23,000 18,900 11,500 9,000 Direct 135,000 220,000 $100,000 materials Direct labor Applied overhead 103,000 151,080 184,800 Finished (unsold) Status on April Finished (sold) In 38 process rals purchases lon credit View transaction list Journal entry worksheet 5 6 7 8 4 13 Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction Credit General Journal Debit a. View transaction list Journal entry worksheet 4 5 6 7 8 3 ..... Record the direct materials used in production. Note: Enter debits before credits. Transaction General Journal Debit b. Hew transaction list Journal entry worksheet 4 5 6 7 8 13 3 ..... Record the Direct labor paid and assigned to Work in Process Inventory. Note: Enter debits before credits. Credit Debit General Journal Transaction C. Journal entry worksheet 6 7 8 13 Record the entry for Overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Cred Debit General Journal Transaction e. www 4. ournal entry worksheet 1 2 3 4 13 ..... Record the cost of indirect materials used. Note: Enter debits before credits. Credi Debit General Journal Transaction f(1). Journal entry worksheet 1 2 3 4 5 ..... Record the cost of factory utilities, paid in cash. Note: Enter debits before credits. General Journal Debit Transaction f(2). ournal entry worksheet 6 1 2 3 5 4 Record depreciation on factory equipment. Note: Enter debits before credits. General Journal Transaction f(3) 7 View transaction list Journal entry worksheet 4 5 6 7 8 9. 13 ...... Record the cost of factory rent, paid in cash. Note: Enter debits before credits. Debit General Journal Transaction f(4). - Prepare journal entries for the month of April to record the above transactions. View transaction list Journal entry worksheet 10 13 9. Record the entry for transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Credit Debit General Journal Transaction View transaction list Journal entry worksheet 10 12 .... 6 Record the Cost of goods sold for Job 306. Note: Enter debits before credits. Debit General Journal Transaction h. 11 View transaction list Journal entry worksheet 7 8 9 10 11 12 .... Record the revenue from the sale of Job 306. Note: Enter debits before credits. General Journal Transaction Debit i. April to reCord the above transactions. View transaction list Journal entry worksheet 12 13 8. 9. 10 11 ..... Record the entry for assignment of any underapplied or overapplied overhead to the Cost of Goods Sold. Note: Enter debits before credits. Credit Debit General Journal Transaction j. (PTosun) process 83 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used Direct labor used Factory overhead applied Total manufacturing costs Add Work in process March 31 Total cost of work in process Less Work in process April 30 Cost of goods manufactured