Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help! Check Required information [The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw
please help!
Check Required information [The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $390,000. Overhead costs incurred in April are Indirect materials. $59.000, indirect lobor $28,000; factory rent, $34,000, factory utilities. $21,000, and factory equipment depreciation, $52,000 The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685.000 cash in April, Costs of the three jobs worked on in April follow, Job 306 Job 30230 300 Balances on March 31 Direct materials 5.27.000 $ 35,000 Direct labor 25,000 14,000 Applied overhead 12,500 9,000 Costs during April Direct materials 135,000 205,000 $110,000 Direct labor 103,000 154,000 105,000 Applied overhead Finished Finished Status on April 30 (sold) (unsold) 2 ? In process Prepare a schedule of cost of goods manufactured B 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