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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
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 thee jobs worked on in Apri. Additional Information a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $580,000, and total factory payroll cost in April is $386,000. c. Actual overhead costs incurred in April are indirect materials, $51,000, indirect labor, $29,000, factory rent, $33000, factory utilities, $22,000, and factory equipment depreciation, $55,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680.000 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 )
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