Prepare journal entries for the month of April to record the above transaction

-chapter 19 2 0 Required information The following information applies to the questions displayed below) Part 2 of 4 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 $377,000. Overhead costs incurred in Apri are: indirect materials, $52.000, indirect labor, $23,000 factory rent, $40,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. 10 points ob 3068 3obs 307 3ob 309 eBook Balances on March 31 s 27,000s37,000 16,000 ,000 Direet materials Direct labor Applied overhead 22,000 21,000 Costs during April 138,000 210,000 s10.00 151.000 100.000 Direct materials Direct labor Applied overhead Status on April 30 Finihed Pinished 103,000 Print (sold) References 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 t, Actual overhead costs incurred, including Indirect materials (Fectory rent and aities are poid in cash) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. I. Revenue from the sale of Job 306. J. Assignment of any underapplied or overapoied The anount s not meterial) ovemend to the Cost of Gos Ssod account K Prev 2 3 4 or 4 EEE Next >