Marco Company shows the following costs for three jobs worked on in April Job 306Job 307Job 308Balances on March 31Direct materials used (in March)$ 29,000$ 35,000Direct labor used (in March)20,00018,000Overhead applied (March)10,0009,000Costs during AprilDirect materials used135,000220,000$ 100,000Direct labor used85,000150,000105,000Overhead applied question mark question mark question markStatus on April 30Finished (sold)Finished (unsold)In process Additional Information Raw Materials Inventory has a March 31 balance of $80,000 Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000 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 Predetermined overhead rate is 50 of direct labor cost Job 306 is sold for $635,000 cash in April Record the entry for material purchased on credit Record the direct materials used in production Record the direct labor (paid in cash) Record the indirect materials used Record the indirect labor (paid in cash) Record the application of overhead costs Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash ) Record the transfer of Jobs 306 and 307 to Finished Goods Inventory Record the cost of goods sold for Job 306 Record the revenue from the sale of Job 306 received in cash Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account

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Marco Company shows the following costs for three jobs worked on in April. Job 306Job 307Job 308Balances on March 31Direct materials used (in March)$ 29,000$

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

Job 306Job 307Job 308Balances on March 31Direct materials used (in March)$ 29,000$ 35,000Direct labor used (in March)20,00018,000Overhead applied (March)10,0009,000Costs during AprilDirect materials used135,000220,000$ 100,000Direct labor used85,000150,000105,000Overhead applied?question mark?question mark?question markStatus on April 30Finished (sold)Finished (unsold)In process

Additional Information

Raw Materials Inventory has a March 31 balance of $80,000.
Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000.
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.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $635,000 cash in April.

Record the entry for material purchased on credit. Record the direct materials used in production. Record the direct labor (paid in cash). Record the indirect materials used. Record the indirect labor (paid in cash). Record the application of overhead costs. Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Record the cost of goods sold for Job 306. Record the revenue from the sale of Job 306 received in cash. Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account.