Required Information Problem 2-2A (Algo) Computing and recording job costs: preparing schedule of cost of goods manufactured LO PL, 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 an arch Direct materials went in Manch Direct labor ust (in March) Overheat applies (March) Casts during April Direct saterials used Direct labor used Dverheat applied Status on April Additional Information a. Raw Materials Inventory has a March 31 belence of $89,000 Com b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $382,000 c. Actual overhead costs incurred in April are indirect materials, $55,000, indirect labox $24,000: factory rant, $33,000 factory utilities, $22.000, and fectory equipment depreciation, $55,000 d. Predetermined overhead rate is 50% of direct labor cost e. Job 306 is sold for $660,000 cash in April Problem 2-2A (Algo) Part 3 a. Materials purchases (on credi b. Direct materials used c. Direct labor used (and paid in cash) and easigned to Work in Process Inventory d. Indirect meterials used and assigned to Fectory Overheed e. Indirect labor used (and paid in cash) and assigned to Factory Overhead t. Overhead costs applied to Work in Process Inventory g. Actual other overhead costs incured (Factory rent and utilities are paid in cash) h. Transfer of Jobs 306 end 307 to Finished Goods Inventory 1. Cost of goods sold for Job 306 3. Revenue from the sale of Job 306 received in cash k. Close underapplied or overspplied overhead to the Cost of Goods Sold account 3. Prepare journal entries for the month of April to record the above transections Journal entry worksheet 3 4 Recond the entry for material purchased on cred B 11 > transacbon General Journ CHEE Creat y Cleartry