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Required information Problem 2 - 2 A ( Algo ) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P 1
Required information
Problem A Algo Computing and recording job costs; preparing schedule of cost of goods manufactured LO P P P P
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The following information applies to the questions displayed below.
Marco Company shows the following costs for three jobs worked on in April.
Job Job Job
Balances on March
Direct materials used in March $ $
Direct labor used in March
Overhead applied March
Costs during April
Direct materials used $
Direct labor used
Overhead applied question mark question mark question mark
Status on April Finished sold Finished unsold In process
Additional Information
Raw Materials Inventory has a March balance of $
Raw materials purchases in April are $ and total factory payroll cost in April is $
Actual overhead costs incurred in April are indirect materials, $; indirect labor, $; factory rent, $; factory utilities, $; and factory equipment depreciation, $
Predetermined overhead rate is of direct labor cost.
Job is sold for $ cash in April.
Problem A Algo Part
a Compute gross profit for April.
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