Required information [The following information applies to the questions displayed below.] Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $23,000; factory rent, $35,000; factory utilities, $20,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $630,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials 24 26,000 40,000 Direct labor 25,000 18,000 Applied overhead Costs during April 12,500 9,000 $ 105,000 Direct materials 136,000 200,000 Direct labor 102,000 154,000 100,000 Applied overhead Finished Finished In Status on April 30 (sold) (unsold) process 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. i. 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.) Journal entry worksheet 2 3 13 Record the indirect labor paid and assigned to Factory Overhead. Note: Enter debits before credits. General Journal Transaction Debit Credit d. Clear entry Record entry View general journal Journal entry worksheet 1 2 3 13 Record the entry for Overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal Journal entry worksheet 3 4 5 13 ..... Record the cost of indirect materials used. Note: Enter debits before credits. Transaction Credit General Journal Debit f(1). Record entry Clear entry View general journal CO