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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 Aprll. Additional
Required Information [The following Information applies to the questions displayed below.] Marco Company shows the following costs for three Jobs worked on in Aprll. Additional Information a. Raw Materlals Inventory has a March 31 balance of $84,000. b. Raw materlals purchases in Aprll are $510,000, and total factory payroll cost in Aprll is $373,000. c. Actual overhead costs Incurred In April are Indirect materlals, $52,500; Indirect labor, $25,500; factory rent, $34,500; factory utilities, $21,500; and factory equipment depreclation, $53,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $645,000 cash in April. 5-a. Compute gross profit for Aprll. 5-b. Show how the three Inventory accounts are reported on the Aprll 30 balance sheet. Complete this question by entering your answers in the tabs below. Compute gross profit for April
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