Problem 2-2A (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 Job 306 Job 307 Job 303 $ 25,000 21,000 10,500 $ 39,000 14,000 2,000 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 30 200,000 153,000 130,000 105,000 2 Finished (sold) $ 115,000 104,000 2 Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $81.000. b. Raw materials purchases in April are $590,000, and total factory payroll cost in April is $392,000. c. Actual overhead costs incurred in April are indirect materials. $55,000 indirect labor, $30,000; factory rent $35,000, factory utilities, $24,000, and factory equipment depreciation, $59,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650,000 cash in April. required: 1. Determine the amount of overhead applied to each job in April Answer is complete but not entirely correct. Xs Direct material Predetermined overhead rate Overhead applied 306 307 308 April Total 130.000 X $ 200.000 $ 115 000 $ 445.000 0.50 0.50 0.50 0:50 291,500 $ 413,000 $ 219,000 $35 445.000 $ 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31 Job 306 Job 307 Job 30 April fot 5 $ 39.000 25,000 21,000 10,500 14.000 7.000 5 March Direct materials Direct labor Overhead upplied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in 130,000 105.000 200,000 153 000 115.000 104.000 362.000 35.00 353,000 219,000 B07000 Finished (sold) Finished (unsold) In process Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 5A Reg SB Show how the three inventory accounts are reported on the April 30 balance sheet. Inventorios Raw materials Work in process Finished goods Total inventories