Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 30,000 23,000 11,500 5.36,000 17,000 8,500 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 132,000 184, ee 210,000 150,000 2 Finished (unsold $ 100,000 102,080 ? Finished (sold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $88.000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $379,000 C. Actual overhead costs incurred in April are indirect materials, $55.000 Indirect labor $23.000; factory rent. 537.000, factory utilities. $22.000; and factory equipment depreciation $59,000 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $690.000 cash in April Job 306 Job 307 Job as April Total $ $ 30.000 23.000 11 500 36.000 17 000 4500 $ 0 March Direct materials Direct labor Overhead applied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in 132 000 210.000 150,000 100.000 102.000 104,000 442,000 356.000 0 236,000 360 000 202.000 798,000 0 $ Finished (sold) Finished (unsold) In process 306 307 30B April Total $ 0 0.50 0.50 0.50 0.50 Predetermined overhead rate Overhead applied Journal entry worksheet 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 0 Total manufacturing costs 0 Total cost of work in process A 0 Cost of goods manufactured 5-a. Compute gross profit for April 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Req5A Reg 5B Compute gross profit for April Gross profit Req 5B > Req 5A Ree 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories