Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. 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 Additional Information Job 306 Job 387 Job 388 $25,000 21,000 $ 36,000 10,500 18,000 9,000 131,000 100,000 ? Finished (sold) 200,000 $ 115,000 154,000 102,000 Finished (unsold) In process a. Raw Materials Inventory has a March 31 balance of $81,000. b. Raw materials purchases in April are $580,000, and total factory payroll cost in April is $379,000. c. Actual overhead costs incurred in April are indirect materials, $54,000; Indirect labor, $23,000; factory rent, $34,000; factory utilities, $20,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. Required: 1. Determine the amount of overhead applied to each job in April. Predetermined overhead rate Overhead applied 306 0.50 307 308 April Total $ 0 0.50 0.50 0.50 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 March Direct materials $ 25,000 $ 36,000 Direct labor 21,000 18,000 Overhead applied 10,500 9,000 Work in process, beginning April Direct materials Job 308 April Tote $ 0 Direct labor Overhead applied Costs added in April Total costs 231,000 131,000 200,000 115,000 446,000 100,000 154,000 102,000 356,000 0 354,000 217,000 802,000 $ 0 Status on April 30 Finished (sold) Finished (unsold) In process April 30 cost included in: 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 S 0