Required Information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on In April. Additional Information a. Raw Materlals Inventory has a March 31 balance of $84,800. b. Raw materlals purchases in Aprll are $512,000, and total factory payroll cost in April is $375,000. c. Actual overhead costs Incurred in April are Indirect materlals, $53,000; Indirect labor, $26,000; factory rent, $35,000; factory utilitles, $22,000; and factory equipment depreclation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $647,000 cash In April. a. Materlals purchases (on credit). b. Direct materlals used. c. Direct labor used (and paid In cash) and assigned to Work In Process Inventory. d. Indirect materlals used and assigned to Factory Overhead. e. Indirect labor used (and pald In cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs Incurred (Factory rent and utillties are pald In cash.) h. Transfer of Jobs 306 and 307 to FInlshed Goods Inventory. I. Cost of goods sold for Job 306 . J. Revenue from the sale of Job 306 recelved in cash. k. Close underapplied or overapplled overhead to the Cost of Goods Sold account. 3. Prepare journal entrles for the month of Aprll to record the above transactions