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 materials, $$50,000$; indirect labor, $$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.

Cost of Goods

Gross Profit

General Journal tab $-$ Prepare journal entries to record the transactions of Marcelino Company during the month of

General Ledger tab $-$ One of the advantages of general ledger software is that posting is done automatically. To set

detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on

General Ledger tab.

Trial Balance tab $-$ General ledger software also automates the preparation of trial balances. A trial balance lists ea

account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal $t$

credits.

Job Costs tab $-$ Calculate the total cost, and account classification for each job worked on during April.

Cost of Goods Manufactured tab $-$ Prepare a schedule of cost of goods manufactured for Marcelino Company durin

month of April.

Gross Profit tab $-$ Calculate the gross profit on the sale of job$($s$)$ during April.