Req u ired information n [The foiiowing information applies to the questions displayed below] Marco Company shows the following costs for threejobs worked on in April. Job 336 Balances on March 31 Direct materials used (in March) $ 38,888 Direct labor used (in March] 22,888 Overhead applied (March) 11,888 Costs during April Direct materials used 135,888 Direct labor used 184,888 Overhead applied ? Status on April 38 Finished (sold) Additional Information Job 39? 1. 39,999 19,999 3,999 215,999 159,999 ? Finished (unsold) 9. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $379,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $25,000; factory rent, $31,000; factory utilities, $23,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. 2. Job 306 is sold for $645,000 cash in April. 9. Materials purchases {on credit]. b. Direct materials used. Job 388 $ 119,999 199 , 99-9 '3 In process 1:. Direct labor used [and paid in cash] and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. 2. Indirect labor used {and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. 9. Actual other overhead costs incurred [Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306. j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account 3. Prepare iournal entries for the month oonril to record the above transactions