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 Job 306 Dob 307 Job 308 $26.000 22,260 11.000 $ 35,000 15.000 7.500 Dolences on March 31 Direct baterials used in March Ofrece labor used in March) Overhead appiled (March) Costs during April Direct baterials used Direce labor used Odpplied Station April 14 132.000 103,000 210,000 154,000 105,000 104,000 Finished (sold) Finished Cunsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000 b. Raw materials purchases in April are $550,000, and total factory payroll cost in April $384.000 2. At verhead costs incurred in April are indirect materials. 551000 indirect labor. $23.000 factory rent. $40,000 actory utilities. $19.000, and factory equipment depreciation, $59.000 d. Predetermined overhead rate is 50% of direct labor cost Job 305 is sold for $660.000 cash in April Problem 2-2A (Algo) Part 3 e. Materials purchases on credit) b. Dihet materials used crecleborused (and paid in cash and assigned to Work in Process Inventory dodirect materials used and assigned to Factory Overhead e indirect laborused (and paid in cash and assigned to Factory Overhead . Overhead costs applied to Work in Process Inventory 9 Actul other overhead costs incurred Factory rent and utilities are paid in cash h. Transfer of Jobs 306 and 307 to Finished Goods Inventory . Cost of goods sold for Job 306 J. Revenue from the sale of Job 306 received in cast k. Close underapplied or overapplied overhead to the Cost of Goods Sold account 3. Prepure journal entries for the month of April to record the above transactions View transactions Vily worksheet Transchon General Journal Det No 1 000 Raw materials in Accounts payabile 2 700 W procenter E minor C woman