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Required information [the foiiowing information applies to the questions o'ispiayeo' beio wit] Marco Company shows the following costs for threejolos worked on in April. Slob
Required information [the foiiowing information applies to the questions o'ispiayeo' beio wit] Marco Company shows the following costs for threejolos worked on in April. Slob 366 Job 36? Job 368 Balances on March 31 Direct materials used (in March) 5- 31,666 $ 32,666 Direct labor used (in March) 22,666 26,666 Overhead applied (March) 12,666 11,666 Costs during April Direct materials used 146,666 225,666 $ 165,666 Direct labor used 3?,666 155,666 116,666 Overhead applied 3' 3' 3' Status on April 36 FEES? 5:232:31 In process Additional Information a. Raw Materials Inventory has a March 3| balance of $82,000. b. Raw materials purchases in April are $505,000, and total factory payroll cost in April is $368,000. c. Actual overhead costs incurred in April are indirect materials, $51,250; indirect labor, $24,250; factory rent, $33,250; factory utilities, $20,250; and factory equipment depreciation, $52,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $540,000 cash in ipril. 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. Total manufaciuring costs Total cost of work in process Cost oi goods manufactured
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