Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below] Marcelino Co's March 31 inventory of raw materials is $84,000. Raw materials purchases

image text in transcribed

Required information [The following information applies to the questions displayed below] Marcelino Co's March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $387.000. Overhead costs incurred in April are indirect materials, $59,000, indirect labor, $27,000, factory rent, $36,000, factory utilities, $23,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cest. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follow Balances on March 31 Job 306 Direct materials Direct labor $ 30,000 Applied overhead Costs during April 21,000 10,500 Job 307 $ 42,000 13,000 6,500 Job 3083 Direct materials 135,000 Direct labor 105,000 215,000 152,000 $115,000 103,000 Applied overhead Finished Finished Status on April 30 (sold) (unsold) In process 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 0 Total cost of work in process 0 Cost of goods manufactured S 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts of Accounting Information Systems

Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman

12th edition

1118022300, 978-1118022306

More Books

Students also viewed these Accounting questions

Question

thyroidectomy which is an early sign of poor tissue perfusion

Answered: 1 week ago

Question

In the factory of the future, what role does a manager play?

Answered: 1 week ago