Required information [The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $56,000: indirect labor $28,000; factory rent, $39.000; factory utilities, $20,000; and factory equipment depreciation. $59.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 37 Job 388 40,000 $ 25,000 23,00 11,500 $40,000 17.000 8,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 135.000 100,000 200,000 152,000 $100,000 182,000 Finished (sold) Finished (unsold) In process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials Direct Lahn $ 25.000 40.000 s 65,000 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total $ 40 000 25,000 23,000 11.500 59,500 17.000 8,500 65,500 $ 65,000 40.000 20.000 $ 125,000 $ From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 135,000 100.000 200.000 152000 100.000 102,000 435.000 354,000 0 789,000 235,000 202.000 Total costs (April 30) Status on April 30 April 30 cost included in: Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory h. Cost of goods sold for Job 306. L. Revenue from the sale of Job 306. J. Assignment of any underapplied or overapplied overhead to the cost of Goods Sold account. (The amount is not material.) 2. Prepare journal entries for the month of April to record the above transactions View transaction list No Transaction Dabe c eda View journal entry worksheet General Journal Accounts payablo ANA A Work in process inventory work in uwaraeo linusantara