! Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 29,000 20,000 10,000 $ 36,000 14,000 7,000 137,000 101,000 ? ? Finished Finished (sold) 210,000 $ 115,000 153,000 104,000 ? In process (unsold) a. Raw Materials Inventory has a March 31 balance of $81,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383,000. c. Actual overhead costs incurred in April are indirect materials, $57,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $20,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April. Problem 2-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). March Job 306 Direct materials 29,000 $ Direct labor 20,000 Overhead applied 10,000 Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Job 307 36,000 14,000 7,000 Job 308 April Total $ 0 462,000 358,000 10,000 219,000 830,000 $ 0 137,000 210,000 101,000 153,000 115,000 104,000 10,000 248,000 363,000 Finished (unsold) In process Status on April 30 Finished (sold) April 30 cost included in: