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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

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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) $ 33,000 $ 39,000
Direct labor used (in March) 24,000 22,000
Overhead applied (March) 14,000 13,000
Costs during April
Direct materials used 145,000 230,000 $ 110,000
Direct labor used 89,000 160,000 115,000
Overhead applied ?question mark ?question mark ?question mark
Status on April 30 Finished (sold) Finished (unsold) In process

Additional Information

Raw Materials Inventory has a March 31 balance of $84,000.

Raw materials purchases in April are $510,000, and total factory payroll cost in April is $373,000.

Actual overhead costs incurred in April are indirect materials, $52,500; indirect labor, $25,500; factory rent, $34,500; factory utilities, $21,500; and factory equipment depreciation, $53,500.

Predetermined overhead rate is 50% of direct labor cost.

Job 306 is sold for $645,000 cash in April.

2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31).

a. Raw Materials Inventory has a March 31 balance of $84,000. b. Raw materials purchases in April are $510,000, and total factory payroll cost in April is $373,000. c. Actual overhead costs incurred in April are indirect materials, $52,500; indirect labor, $25,500; factory rent, $34,500; factory utilities, $21,500; and factory equipment depreciation, $53,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31)

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