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

	Job 306	Job 307	Job 308
Balances on March 31
Direct materials (in March)	$ 34,600	$ 43,400
Direct labor (in March)	25,600	20,800
Applied overhead (March)	12,800	10,400
Costs during April
Direct materials	140,600	228,400	$ 102,800
Direct labor	96,200	164,000	107,800
Applied overhead	?	?	?
Status on April 30	Finished (sold)	Finished (unsold)	In process

Additional Information

1. Raw Materials Inventory has a March 31 balance of $94,000.
2. Raw materials purchases in April are $505,600, and total factory payroll cost in April is $393,800.
3. Actual overhead costs incurred in April are indirect materials, $52,800; indirect labor, $25,800; factory rent, $34,800; factory utilities, $21,800; and factory equipment depreciation, $56,600.
4. Predetermined overhead rate is 50% of direct labor cost.
5. Job 306 is sold for $660,000 cash in April.

Complete this question by entering your answers in the tabs below.

• Requirement
• General Journal
• General Ledger
• Trial Balance
• Job Costs
• Cost of Goods Mfg
• Gross Profit

Prepare journal entries for the month of April's transactions.

No	Date	Account Title	Debit	Credit
1	April 30	Raw materials inventory	505,600
		Accounts payable		505,600
2	April 30	Work in process inventory
		Raw materials inventory
3	April 30	Work in process inventory
		Cash
4	April 30	Factory overhead
		General and administrative expenses
5	April 30	Factory overhead
		Raw materials inventory
6	April 30	Factory overhead
		Raw materials inventory
7	April 30	Factory overhead
		Cash
8	April 30	Factory overhead
		Cash
9	April 30	Factory overhead
		Accumulated depreciation - Factory equipment
10	April 30	Finished goods inventory
		Work in process inventory
11	April 30	Cost of goods sold
		Finished goods inventory