Problem 19-2A (Static) 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. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Costs during April Direct materials used 135,000 Direct labor used Overhead applied Status on April 30 85,000 ? Finished (sold) 220,000 150,000 ? $ 100,000 105,000 ? Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual 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. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Problem 19-2A (Static) Part 5 5-a. Compute gross profit for April. h Show how the thron invonton accountr reported on the April 20 balance choot Problem 19-2A (Static) 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. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Costs during April Direct materials used 135,000 Direct labor used Overhead applied Status on April 30 85,000 ? Finished (sold) 220,000 150,000 ? $ 100,000 105,000 ? Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actual 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. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 cash in April. Problem 19-2A (Static) Part 5 5-a. Compute gross profit for April. h Show how the thron invonton accountr reported on the April 20 balance choot