please help answer all 4 parts of the question

Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $59,000Indirect labor, $26,000; factory rent, $36.000; factory utilities, $24,000, and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 31,000 25,000 12,500 $ 40,000 15.000 7.500 Balances on March 31 Direct materiale Direct labor Applied overhead Coata during April Direct materials Direct labor Applied overhead on April 30 139,000 103,000 215,000 155.000 $115,000 101,000 Finished (sold) Finished unsold) process Problem 02-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31) Job 306 Job 308 April Total From March Problem 02-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials Direct Labor 31,000 25,000 12,500 68,500 40,000 15,000 7.500 62,500 $ 71,000 40,000 20,000 $ 131,000 Applied overhead Beginning goods in process 215.000 115.000 For April Direct Materials Direct Labor Applied overhead Total costs added in April 139,000 103,000 469,000 359.000 155,000 101.000 242,000 370,000 216,000 828,000 Total costs (April 30) Status on April 30 April 30 cost included in: Finished (sold) Finished (unsold) In process 2934 of 4 Next > Marcelino Co.'s March 31 Inventory of raw materials is $86,000, Raw materials purchases in April are $500,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: Indirect materials. $59.000. Indirect labor $26,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $57.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three Jobs worked on in April follow. Job 306 Job 307 ob 308 $ 31,000 25,000 12,500 Balanced on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead $ 40,000 15,000 2.500 139,000 103,000 215,000 155,000 $115,000 101.000 Status on April 30 Finished (hold) Finished (unsold) proceso Problem 02-1A Part 2 a. Materials purchases (on credit) b. Direct materials used in production, c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory 1. Actual overhead costs incurred, including indirect materials (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. 1. Revenue from the sale of Job 306. J. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) 2. Prepare journal entries for the month of April to record the above transactions Prev 2 3 4 of 4 !! Next > Marcelino Co.'s March 31 Inventory of raw materials is $86,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $385,000. Overhead costs incurred in Aprilare: Indirect materials. $59.000. Indirect labor $26,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 307 Job 308 $ 31,000 25,000 12,500 $ 40,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Conts during April Direct materials Direet labor Applied overhead Status on April 30 139,000 103,000 215,000 155,000 $115,000 101.000 Finished (hold) Tinished (unsold) proces Problem 02-1A Part 3 3. Prepare a schedule of cost of goods manufactured. MARCELINO 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 Marcelino Cos March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: Indirect materials, $59,000, Indirect labor $26,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April Costs of the three jobs worked on in April follow. Job 30 Job 207 Job 308 Balances on March 31 Direet materials Direct labor Applied overhead Coats during April Direet materials Direet labor Applied overhead $ 31,000 25,000 12,500 $ 40,000 15,000 7,500 139,000 103,000 215,000 155.000 $ 115,000 101.000 Status on April 30 Finished (hold) Finished (unsold) procese Problem 02-1A Part 4 4-a. Compute gross profit for April 4.b. Show how to present the inventories on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Required 4A Required 48 Compute gross profit for April Gross pr Prey $26,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, 557,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow. Part 4 of 4 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead $ 31,000 25,000 12,500 $ 40,000 15,000 7.500 points 139,000 103,000 215,000 155,000 $115,000 101,000 Status on April 30 Finished (old) Finished (unsold) process eBook Problem 02-1A Part 4 4-a. Compute gross profit for April 4-5. Show how to present the inventories on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories materials Work in process Finished goods