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Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to

Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31).
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Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 26,000 21,000 10,500 $ 42,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 136,000 104,000 $105,000 104,000 200,000 155,000 2 Finished (unsold) Pinished (sold) In process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 300 April Total From March Direct Materials Direct Labor 68,000 26.000 21.000 42,000 18.000 10.500 9.000 19,500 Apped overhead Beginning goods in process For April Direct Materials Director Applied overhead Total costs added in Apri 136.000 104 000 200,000 155.000 441.000 383,000 l 355.000 804 000 Total costs (April 30) Status on April 30 April 30 cost included in Fished sold educid)

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