Required Information

$[$The following informotion opplies to the questions disployed below.$]$

Marco Company shows the following costs for three jobs worked on in April.

Additional Information

Row Materials Inventory has o March $31$ bolance of $$85,600.$

b$.$ Row moterials purchoses in April are $$514,000,$ and total factory poyroll cost in April is $$377,000.$

c$.$ Actual overhead costs incurred in April are indirect materials, $$53,500$; indirect labor, $$26,500$; factory rent,

$$35,500$; factory utilities, $$22,500$; and foctory equipment depreciation, $$54,500.$

d$.$ Predetermined overhesd rote is $50\%$ of direct labor cost.

e$.$ Job $306$ is sold for $$649,000$ cosh in April.

a$.$ Moterisls purchoses $($on credit$).$

b$.$ Direct moteriols used.

c$.$ Direct labor used $($ond poid in cosh$)$ and sasigned to Work in Process Inventory.

d$.$ Incirect materisls used and assigned to Factory Overheod.

e$.$ Indirect labor used $($and paid in cosh$)$ and assigned to Foctory Overhead.

f$.$ Overhesd costs applied to Work in Process Inventory.

g$.$ Actual other overhead costs incurred $($Factory rent and utilities are paid in cosh$.)$

h$.$ Transfer of Jobs $306$ and $307$ to Finished Goods Inventory.

l$.$ Cost of goods sold for Job $306.$

Revenue from the sole of Job $306$ received in cosh$.$

k$.$ Close underopplied or overspplied overhesd to the Cost of Goods Sold account.

Prepare journsl entries for the month of April to record the sbove transoctions.

Journal entry worksheet

Record the entry for material purchased on credit.

Note: Enter debits before creclits.