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Marcelino Co.'s March 31 inventory of raw materials is $80,000 Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are Indirect materials, $50,000, indirect labor. $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 386 Job 387 Job 388 Balances on March 31 Direct materials $ 29,000 $ 35,000 Direct labor 2e, eee 18,000 Applied overhead 10, eee 9,800 Costs during April Direct materials 135,000 220, eee $100,eee Direct labor 85, eee 150,eee 105,000 Applied overhead Status on April 30 Finished (sold) (unsold) Finished 2 In process Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Thal Balance Job Costs Cost of Goods Mfo Gross Profit Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit General Journal tab - Prepare journal entries to record the transactions of Marcelino Company during the month of April. Job Costs tab - Calculate the total cost, and account classification for each job worked on during April. Cost of Goods Manufactured tab - Prepare a schedule of cost of goods manufactured for Marcelino Company during the Gross Profit tab - Calculate the gross profit on the sale of job(s) during April month of April View transaction list Journal entry worksheet 2 5 6 7 8 ..... 13 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Date Account Title Debit Credit Apr 30 Prey 1 of 1 Next ORI 99+ $ 26 3 4 5 6 & 7 00 02 Dates: Mar 31 to: Apr 30 Job 306 Job 307 Job 308 April Total $ Beginning Work in Process (March costs) Direct materials Direct labor Applied overhead Total Beginning Work in Process inventory 29,000 $ 20,000 10,000 59,000 35,000 18,000 9,000 62,000 $ 121,000 $ Costs added in April Direct materials Direct labor Applied overhead Total costs added in April 135,000 $ 85,000 220,000 + 150,000 100,000 105,000 455,000 340,000 Total cost of jobs At the end of April, indicate which account should include each job's costs Dates: Me MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs added during April Total cost of work in process your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for the month of April. Dates: Mar 31 Gross profit