Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Record the entry for material purchased on credit. ote: Enter debits before credits. Record the direct labor (paid in cash). Note: Enter debits before credits. Record the indirect labor (paid in cash). ote: Enter debits before credits. Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits before credits. Record the cost of goods sold for Job 306 . Note: Enter debits before credits. Record the direct materials used in production. lote: Enter debits before credits. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Vote: Enter debits before credits. Record the application of overhead costs. te: Enter debits before credits. Record the revenue from the sale of Job 306 received in cash. Enter debits before credits. Record the indirect materials used. Jote: Enter debits before credits. Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $80,400. b. Raw materials purchases in April are $501,000, and total factory payroll cost in April is $364,000. c. Actual overhead costs incurred in April are indirect materials, $50,250; indirect labor, $23,250; factory rent, $32,250; factory utilities, $19,250; and factory equipment depreciation, $51,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $636,000 cash in April