Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Job 306 Job 307 Job 308 Direct materials (in March) Direct labor (in March) $ 29,000 20,000 Applied overhead (March) 10,000 $ 35,000 18,000 9,000 Costs during April Direct materials. Direct labor 135,000 Applied overhead Status on April 30 85,000 ? 220,000 $ 100,000 150,000 Finished (sold) ? Finished 105,000 ? (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet < 1 3 5 6 7 8 11 b. Record the direct materials used. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal Prev 1 of 1 neral Ledger Journal 11101 LOIGULC Ledger Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet 410355 Mfg < 1 2 4 5 6 7 8 11 c. Record direct labor used (and paid in cash) and assigned to Work in Process Inventory. Note: Enter debits before credits. Date: April 30 Account Title Debit Credit Record entry Clear entry View general journal < Prev 1 of 1 transaction list Journal entry worksheet < 2 3 5 6 7 8 11 d. Record the indirect materials used and assigned to Factory Overhead. Note: Enter debits before credits. es Date April 30 Account Title Debit Credit Record entry Clear entry View general journal < Requirement General Ledger > < Prev 1 of 1 < 1 2 3 4 6 7 8 11 e. Record the indirect labor used (and paid in cash) and assigned to Factory Overhead. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal < Requirement General Ledger > tv Prev 1 of 1 Journal entry worksheet < 1 2 3 4 5 7 8 11 f. Record the overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal Requirement General Ledger > 1 2 4 5 6 8 11 g. Record the actual other overhead costs incurred. (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Date April 30 Account Title Debit Credit Record entry Clear entry View general journal < Requirement General Ledger > Prev 1 of 1 2 3 4 5 6 7 h. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Date April 30 11 Account Title Debit Credit Record entry Clear entry View general journal tv ^ Prev 1 of 1 kipped Journal Ledger Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet < 1 4 5 Book Print erences 6 7 8 i. Record the cost of goods sold for Job 306. Note: Enter debits before credits. Date April 30 6 11 01055 FIVI Mfg Account Title Debit Credit Record entry Clear entry View general journal < Requirement General Ledger > Proy View transaction list Journal entry worksheet < 1 4 5 6 7 8 00 6 j. Record the revenue from the sale of Job 306 received in cash. 10 10 11 Account Title Debit Credit Note: Enter debits before credits. Date April 30 Record entry Clear entry View general journal tv k. Record the close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. Date April 30 B Account Title Debit Credit Record entry Clear entry View general journal < Requirement General Ledger > Prev 1 of 1