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 $$88,000.$

b$.$ Raw materials purchases in April are $$520,000,$ and total factory payroll cost in April is $$383,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$55,000$; indirect labor, $$28,000$; factory

rent, $$37,000$; factory utilities, $$24,000$; and factory equipment depreciation, $$56,000.$

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

e$.$ Job $306$ is sold for $$655,000$ cash in April.

Answers needed:

$1-$Determine the amount of overhead applied to each job in April.

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

Materials purchases $($on credit$).$

Direct materials used.

Direct labor used $($and paid in cash$)$ and assigned to Work in Process Inventory.

Indirect materials used and assigned to Factory Overhead.

Indirect labor used $($and paid in cash$)$ and assigned to Factory Overhead.

Overhead costs applied to Work in Process Inventory.

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

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

Cost of goods sold for Job $306.$

Revenue from the sale of Job $306$ received in cash.

Close underapplied or overapplied overhead to the Cost of Goods Sold account.

$3.$ Prepare journal entries for the month of April to record the above transactions.

$4.$ Prepare a schedule of cost of goods manufactured for the month ended April $30.$