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 $$83,200.$

b$.$ Raw materials purchases in April are $$508,000,$ and total factory payroll cost in April is $$371,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$52,000$; indirect labor, $$25,000$; factory rent,

$$34,000$; factory utilities, $$21,000$; and factory equipment depreciation, $$53,000.$

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

e$.$ Job $306$ is sold for $$643,000$ cash in April.

$5-$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.

Show how the three inventory accounts are reported on the April $30$ balance sheet.