Problem 15-1A 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 $540,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $51,000; indirect labor, $22,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $670,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 $ 29,000 22,000 11,000 $ 40,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 139,000 101,000 ? Finished (sold) 215,000 153,000 ? Finished (unsold) $105,000 102,000 ? In process Required information Determine the total of each production cost incurred for April (direct labor, direct materials, and applied verhead), and the total cost assigned to each job (including the balances from March 31). Job 307 Job 308 Job 306 April Total S 69,0 $ 29.000 $ 40,000 15.000 7.500 370 22.000 18,5 11,000 0 $ 124,5 s $ 62.000 $ 62,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 105,000 459.0 139,000 101,000 215,000 153,000 102.000 356,0 240,000 368,000 207.000 815,0 Total costs (April 30) Finished (sold) Finished (unsold) In process Status on April 30 April 30 cost included in: Journal entry worksheet Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Problem 15-1A 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 0 Total cost of work in process 0 Cost of goods manufactured $ $ 0