Marco Company shows the following costs for three jobs worked on in April.

Additional Information

a$.$ Row Materials Inventory has a March $31$ balance of $$86,800.$

b$.$ Raw materials purchoses in April are $$517,000,$ and total factory payroll cost in April is $$380,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$54,250$; indirect labor, $$27,250$; factory rent, $$36,250$;

factory utilities, $$23,250$; and factory equipment depreciotion, $$55,250.$

d$.$ Predetermined overhesd rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$652,000$ cosh in April.

oblem $19-2$A $($Algo$)$ Part $3$

a$.$ Materials purchases $($on credit$).$

b$.$ Direct materiols used.

c$.$ Direct labor used $($and poid in cosh$)$ and assigned to Work in Process Inventory.

d$.$ Indirect materials used and assigned to Factory Overhead.

e$.$ Indirect labor used $($and paid in cosh$)$ and assigned to Foctory Overhead.

f$.$ Overhead costs applied to Work in Process Inventory.

Actual other overhead costs incurred $($Factory rent and utilities are paid in cosh$.)$

h$.$ Transfer of Jobs $306$ and $307$ to Finished Goods Inventory.

L$.$ Cost of goods sold for Job $306.$

J$.$ Revenue from the sole of Job $306$ received in cosh$.$

k$.$ Close underapplied or overopplied overhesd to the Cost of Goods Sold account.

Irepare journal entries for the month of April to record the above transactions.

Journal entry worksheet

Record the entry for material purchased on credit.

Note: Enter debits befare credits.