{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T15:10:30-04:00", "answer_date": "2024-05-25 15:10:30", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1693817", "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1693817", "question_creation_date_js": "2024-05-25T15:10:30-04:00", "question_creation_date": "May 25, 2024 03:10 PM", "meta_title": "[Solved] Required information [The following infor | SolutionInn", "meta_description": "Answer of - Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 in | SolutionInn", "meta_keywords": "required,information,applies,questions,displayed,below,marcelino,s,march,31,inventory,raw", "question_title_h1": " Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases", "question_title": " Required information [The following information applies to the questions displayed below.]", "question_title_for_js_snippet": "Required information The following information applies to the questions displayed below Marcelino Co 's March 31 inventory of raw materials is $81,000 Raw materials purchases in April are $540,000, and factory payroll cost in April is $388,000 Overhead costs incurred in April are indirect materials, $58,000 indirect labor, $29,000 factory rent, $32,000 factory utilities, $25,000 and factory equipment depreciation, $51,000 The predetermined overhead rate is 50 of direct labor cost Job 306 is sold for $675,000 cash in April Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April $ 29,000 20,000 10,000 $ 38,000 19,000 9,500 Direct materials 138,000 205,000 $115,000 Direct labor 102,000 Applied overhead 155,000 102,000 Finished Finished In Status on April 30 (sold) (unsold) process es 3 Prepare a schedule of cost of goods manufactured MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured", "question_description": "\"image\"image", "transcribed_text": "Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factory rent, $32,000; factory utilities, $25,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April $ 29,000 20,000 10,000 $ 38,000 19,000 9,500 Direct materials 138,000 205,000 $115,000 Direct labor 102,000 Applied overhead ? 155,000 ? 102,000 ? Finished Finished In Status on April 30 (sold) (unsold) process es 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured", "related_book": { "title": "Financial accounting", "isbn": "9780135114933, 136108865, 978-0136108863", "edition": "8th Edition", "authors": "Walter T. Harrison, Charles T. Horngren, William Bill Thomas", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/196.jpg", "uri": "\/textbooks\/financial-accounting-8th-edition-196", "see_more_uri": "" }, "free_related_book": { "isbn": "0124165567", "uri": "\/textbooks\/implantable-electronic-medical-devices-1st-edition-9780124165564-9780124165779", "name": "Implantable Electronic Medical Devices", "edition": "1st Edition" }, "question_posted": "2024-05-25 15:10:30", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-assembly-department-of-zip-surge-protectors-began-september-with", "description": "The Assembly Department of Zip Surge Protectors began September with no work in process inventory. 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