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Required information The fovowing infommanon applies to the queterions displayed below/ Marcelino Cas March 31 inventory of raw materials is $80.000. Raw materisis purchases in

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Required information The fovowing infommanon applies to the queterions displayed below/ Marcelino Cas March 31 inventory of raw materials is $80.000. Raw materisis purchases in Aspril are $510.000, and factory payroil cost in Apri is $387,000 Overhead costs incurred in April are: indirect materials, $56,000; indirect inbor, 328,000 . factory rent, $35,000; foctory utilities, $21.000, and factory equipment depreciation. $55.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690.000 cash in April. Costs of the three jobs worked on in Apriif follow. aterials purchases (on credit). rect materials used in production. ect labor paid and assigned to Work in Process Inventory. rect labor paid and assigned to Factory Overhead. rhead costs applied to Work in Process Inventory. sal overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) sfer of Jobs 306 and 307 to Finished Goods Inventory. a. Materials purchases (on credit). b. Direct riatetiais used in production. c. Direct labor paid and assigned to Work in Process inventory: d. Indirect tabor paid and assigned to Factory Overhesd: e. Overhead costs applied to Work in Process trventory 1. Actual overhead costs incurred, including indirect materiais. (Factory rent and 9. Transfer of Jobs 306 and 307 to Finished Goods imventory. h. Cost of goods sold for job 306 . 1. Revenue trom the sale of Job 306. J. Assignment of any underapplied or overapplied overhead to the Cost of God 2. Prepare jocimal entries for the month of Aptil to record the above transaction Journal entry worksheet Record the entry for Materials purchases (on credit). Noter Eniter debits hefore credits. 1 Record the entry for Materials purchases (on credit). 2 Record the direct materials used in production. 3 Record the Direct labor paid and assigned to Work in Process Inventory. 4. Record the indirect labor paid and assigned to Factory Overhead. 5 Record the entry for Overhead costs applied to Work in Process Inventory. Record the cost of indirect materials used. View transaction list 7 Record the cost of factory utilities, paid in cash. 8 Record depreciation on factory equipment. 9 Record the cost of factory rent, paid in cash. 10 Record the entry for transfer of Jobs 306 and 307 to Finished Goods Inventory. 11 Record the Cost of goods sold for Job 306. 12 Record the revenue from the sale of Job 306. 7 Record the cost of factory utilities, paid in cash. 8 Record depreciation on factory equipment. 9 Record the cost of factory rent, paid in cash. 10 Record the entry for transfer of Jobs 306 and 307 to Finished Goods Inventory. 11 Record the Cost of goods sold for Job 306. 12 Record the revenue from the sale of Job 306. 13 Record the entry for assignment of any underapplied or

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