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) $ 36,600 $ 42,600 Direct labor used (in March) Overhead applied (March) 27,600 17,600 25,600 16,600 Costs during April Direct materials used 154,000 Direct labor used Overhead applied Status on April 30 92,600 ? Finished (sold) 239,000 169,000 ? Finished (unsold) $ 119,000 124,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $87,600. b. Raw materials purchases in April are $519,000, and total factory payroll cost In April is $382,000. c. Actual overhead costs incurred in April are Indirect materials, $54,750; Indirect labor, $27,750; factory rent, $36,750; factory utilities, $23,750; and factory equipment depreciation, $55,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $654,000 cash in April. Problem 2-2A (Algo) Part 4 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. Answer is complete but not entirely correct. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct labor $ 385,600 Direct materials used 512,000 Factory overhead applied 192,800 Total manufacturing costs 1,090,400 Add: Work in process inventory, beginning. 84,800 Total cost of work in process Cost of goods manufactured 1,175,200 Less: Work in process inventory, ending 347,500 S 827,700