Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help with this please. Marco Company shows the following costs for three jobs worked on in April. Job 386 Job 387 Job 308 Balances
need help with this please.
Marco Company shows the following costs for three jobs worked on in April. Job 386 Job 387 Job 308 Balances on March 31 $ 26,000 $ 44,000 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) 23,000 11,500 16,000 8,000 Costs during April Direct materials used Direct labor used. Overhead applied 136,000 101,000 ? Finished 210,000 153,000 ? $ 105,000 102,000 ? Finished Status on April 30 In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $540,000, and total factory payroll cost in April is $384,000. c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $28,000; factory rent, $32,000, factory utilities, $23,000; and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured 0 $ Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started