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Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of
Marco Company shows the following costs for three jobs worked on in April. 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 materlals, $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. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet Note: Enter debits Derore creaits. Prepare journal entries for the month of April's transactions. Journal entry worksheet 1 4 5 6 7 Prepare journal entries for the month of April's transactions. Journal entry worksheet c. Record direct labor used (and paid in cash) and assigned to Work in Process Inventory. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries for the month of April's transactions. Journal entry worksheet
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