Marcelino Cox March at inventory of raw materials is $87,000, Raw materiais purchases in April or $540,000, and factory payroll cost in April is $387000. Overhead costs incurred in April sindirect materials 557000, Indirect labor. $28.000 factory rent $40.000; factory utilities. $21000, and factory equipment depreciation 597000. The predetermined overhead rote is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April Costs of the three jobs worked on in Aprill follow 55. 15.00 24,00 Balances on March 31 Direct material Direct lobor Applied overhead Corts during April Direct sterials Direct labor Applied overhed Status on April 30 137.00 105,000 210. 153.00 $15. 101. Finished (solo) (solo TH process 8. 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 Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are pad in cash) Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306, 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 lit Journal entry worksheet 2 5 6 7 13 >