Marco Company shows the following costs for three jobs worked on In April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used. Direct labor used Overhead applied Status on April 30 Job 306 Job 307 Job 308 $ 34,200 25,200 15,200 $ 40,200 23,200 14 200 148,000 90,200 233,690 163,000 $ 113,000 118,000 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $85,200. b. Raw materials purchases in April are $513.000, and total factory payroll cost In April is $376,000. c. Actual overhead costs Incurred in April are Indirect materials, $53,250; Indirect labor, $26,250; factory rent, $35,250; factory utilities, $22,250; and factory equipment depreciation, $54,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 Is sold for $648,000 cash in April. Required: 1. Determine the amount of overhead applied to each Job in April. 306 307 308 April Total Predetermined overhead rate Overhead applied 2. Determine the total cost assigned to each job as of April 30 (Including the balances from March 31). Answer is complete and correct. Job 306 Job 307 March Direct materials S 34,200 S 40,200 Direct labor 25,200 23,200 Overhead applied 15,200 14,200 Work in process, beginning IS 74,800 S 77,600 April Direct materials Direct labor Job 308 Total 00 IS 152,200 148,000 233.000 113,000 494.000 90,200 163,000 118,000 371,200 Overhead applied Costs added in April Total costs Status on April 30 45.100 81,500 59,000 185,000 283,300 477,500 290,000 357,900 555,100 290,000 1,050,800 1,203,000 Finished (sold) Finished (unsold) In process April 30 cost included in: Cost of goods sold Finished goods inventory Work in process inventory Answer is not complete. No 1 Transaction General Journal a Raw materials inventory Accounts payable 2 b. Work in process inventory 3 C 4 d. 5 e 8 f. Raw materials inventory Work in process inventory Cash Factory overhead Cash Work in process inventory Factory overhead Factory overhead Raw materials inventory 7 g Factory overhead Cash 00 00 00 00 00 00 00 Debit Credit 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured