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Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Additional
Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $85,000. b. Raw materials purchases in April are $600,000, and total factory payroll cost in April is $385,000. c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $30,000; factory rent, $37,000; factory utilities, $23,000; and factory equipment depreciation, \$60,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. Determine the total cost assigned to each job as of April 30 (including the balances from March 31)
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