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Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of row materials is $87,000. Raw materiais purchases in April are $550,000, and factory payroll cost in Aprilis 5389,000 Overhead costs incurred in April are: indirect materials, $56.000; indirect labor. $30,000 factory rent, $34.000 factory unities $19.000; ond factory equipment depreciation. 553,000. The predetermined overhead Tote is 50% of direct labor cost Job 306 is sold for $680,000 cash in April Costs of the three jobs worked on in Aprill follow Job 306 Tob 387 7:38 $ 25,000 23,000 11,500 $ 40,000 15,000 7,500 Balances on March 31 Direct mater tots Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status coril 30 132,000 101.000 220,000 154,000 $105,00 109,000 Finished (solo) Finished (unsold) In process Problem 15-1A Part 4 43 Compute gross profit for April Pot Inventories Raw materials Work in process Finished goods Total inventories 00 0
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