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

	Job 306	Job 307	Job 308
Balances on March 31
Direct materials used (in March)	$ 28,000	$ 43,000
Direct labor used (in March)	20,000	18,000
Overhead applied (March)	10,000	9,000
Costs during April
Direct materials used	132,000	220,000	$ 105,000
Direct labor used	104,000	151,000	104,000
Overhead applied	?	?	?
Status on April 30	Finished (sold)	Finished (unsold)	In process

Additional Information

1. Raw Materials Inventory has a March 31 balance of $82,000.
2. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $382,000.
3. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $23,000; factory rent, $34,000; factory utilities, $20,000; and factory equipment depreciation, $54,000.
4. Predetermined overhead rate is 50% of direct labor cost.
5. Job 306 is sold for $670,000 cash in April.

a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306. j. Revenue from the sale of Job 306 received in cash. k. 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.

No	Transaction	General Journal	Debit	Credit
1	a.	Raw materials inventory	590,000
		Accounts payable		590,000
2	b.	Work in process inventory
		Raw materials inventory
3	c.	Work in process inventory
		Cash
4	d.	Factory overhead
		Raw materials inventory
5	e.	Factory overhead
		Cash
6	f.	Work in process inventory
		Factory overhead
7	g.	Factory overhead
		Cash
8	h.	Finished goods inventory
		Work in process inventory
9	i.	Cost of goods sold
		Finished goods inventory
10	j.	Cash
		Sales
11	k.	Cost of goods sold
		Factory overhead

Prepare a schedule of cost of goods manufactured for the month end April 30.

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