Required information (The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 29,000 20,000 10,000 $ 35,000 18,000 9,000 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135,000 85,000 7 Finished (sold) 220,000 150,000 ? Finished (unsold) $100,000 105,000 7 In process View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 13 Record the entry for Materials purchases (on credit). Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the cost of factory rent, paid in cash. Note: Enter debits before credits. General Journal Debit Credit Transaction f(4). Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the Cost of goods sold for Job 306. Note: Enter debits before credits. Transaction General Journal Debit Credit h. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the entry for assignment of any underapplied or overapplied overhead to the Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit j Record entry Clear entry View general journal