Question
Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials
Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 30,200 $ 36,200 Direct labor used (in March) 21,200 19,200 Overhead applied (March) 11,200 10,200 Costs during April Direct materials used 138,000 223,000 $ 103,000 Direct labor used 86,200 153,000 108,000 Overhead applied ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $81,200. b. Raw materials purchases in April are $503,000, and total factory payroll cost in April is $366,000. c. Actual overhead costs incurred in April are indirect materials, $50,750; indirect labor, $23,750; factory rent, $32,750; factory utilities, $19,750; and factory equipment depreciation, $51,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $638,000 cash in April. Problem 19-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31).
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