Required information

Problem $2-2$A $($Algo$)$ Computing and recording job costs; preparing schedule of cost of goods

manufactured LO P$1,$ P$2,$ P$3,$ P$4$

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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 $$87,600.$

b$.$ Raw materials purchases in April are $$519,000,$ and total factory payroll cost in April is $$382,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$54,750$; indirect labor, $$27,750$; factory rent, $$36,750$;

factory utilities, $$23,750$; and factory equipment depreciation, $$55,750.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$654,000$ cash in April.Problem $2-2$A $($Algo$)$ Part $5$

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