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Problem 19-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies

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Problem 19-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 $ 36,200 19,200 10,200 Job 306 Job 387 Job 388 $ 30,200 21,200 11,200 138,000 86,200 ? Finished (sold) ? 108,000 ? Finished (unsold) In process 223,000 $ 103,000 153,000 Additional Information a. Raw Materials Inventory has a March 31 balance of $81,200. b. Raw materials purchases in April are $503,000, and total factory payroll cost in April is $366,000. c. Actual overhead costs incurred in April are Indirect materials, $50,750; Indirect labor. $23,750; factory rent, $32,750: factory utilities, $19,750: and factory equipment depreciation, $51,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $638,000 cash in April. Problem 19-2A (Algo) Part 5 -a. Compute gross profit for April. b. Show how the three Inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Req SA Req 58 Compute gross profit for April. Gross profit

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