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Required information [The following information applies to the questions displayed below.) Marco Company shows the following costs for three jobs worked on in April, Job
Required information [The following information applies to the questions displayed below.) Marco Company shows the following costs for three jobs worked on in April, Job 305 Job 307 Job 300 $ 27.000 23,000 11,500 $ 38,000 18.000 9,000 Balances on March 31 Direct materials used in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 210,000 $100,000 151,000 105,000 132,000 104,000 2 Finished (sold) Finished (unsold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $84,000, b. Raw materials purchases in April are $600,000, and total factory payroll cost in April is $388,000 c. Actual overhead costs incurred in April are indirect materials, $59,000 indirect labor, $28,000, factory rent. $33.000; factory utilities, $23.000; and factory equipment depreciation $56,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in April 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured Far Month Ended April 30 Total manufacturing costs 0 Total cost of work in process 0 Contgood matured S
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