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Required information The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs workad ........ Additional Information a.

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Required information The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs workad ........ Additional Information a. Raw Materials Inventory has a March 31 balance of $82,800 b. Raw materials purchases in April are $507,000, and total factory payroll cost in April is $370,000 c. Actual overhead costs incurred in Aprif are indirect materiats, $51,750, indirect labor, $24,750; factory rent, $33,750 factory utilities, $20,750; and factory equipment depreciation, $52,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for \$642,000 cash in Aprit. 2. Determine the total cost assigned to each job as of April 30 (includinn ithn ..... Job 306 is sold for $642,000 cuth in firect labor cost a. Materials purchases (on credit) b. Direct materials used c. Direct labor used (and paid in casti) and assigned to Work in Process Irventory d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Ovecthead f. Overthead costs applied to Work in Process inventory g. Actual other overhead costs incurred (Factory rent and utilites are paid in cash] h. Transfer of Jobs 306 and 307 to Finished Goods inventony. i. Cost of goods sold for Job 306 j. Revenue from the sale of Job 306 received in cash k. Close underapplied or overapplied overhead to the Cost of Goods Sold account 3. Prepare journal entries for the month of April to record the above fransactions Journal entry worksheet 4. Prepare a schectule of cost of goods manufactured for the minth ended April 30 Complete this question by entering your answers in the tabs beslow. Compute gross profit for April

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