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 $88,000. b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $386.000. c. Actual overhesd costs incurred in April are indirect materials, $58,000; indirect labor, $27,000; foctory rent, $32,000; factory utilities, $25,000; and factory equipment depreciation, $57,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $665,000 cash in Aprili. a. Materials purchases (on credit). b. Direct materlals used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory. a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306 . j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Journal entrv worksheet Journal entry worksheet Note: Enter debits before credits: Journal entry worksheet Journal entry worksheet 23456811 Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credies. Hepuired information Record the cost of goods sold for Job 306. Note: Enter debits beftare credits: \begin{tabular}{|c|c|c|c|} \hline Transaction & Cenaral Journal \\ \hline 1. & Cecord entry \\ \hline \end{tabular} Tournal antwe mankehant Note: Enter debits before credits. Journal entry worksheet Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Notes Enter debits before credits