Ryan Co.'s March 31 inventory of raw materials is $120,000. Raw materials purchases in April are $620,000, and factory payroll cost in April is $467,000. Overhead costs incurred in April are: indirect materials, $98,000; indirect labor, $47,000; factory rent, $68,000; factory utilities, $35,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $840,000 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 $45,000 $59,000 Direct labor 36,000 26,000 Applied overhead 25,200 18,200

Costs during April Direct materials 151,000 244,000 $116,000 Direct labor 117,000 190,000 113,000 Applied overhead??? Status on April 30 Finished (sold) Finished (unsold) In process

1: Record the purchase of Materials on Credit

2: Record direct materials used in production

3: record direct labor paid and assigned to Work in Process Inventory

4: Record indirect labor paid and assigned to Factory Overhead

5: Record overhead costs applied to Work in Process Inventory

6: Record the cost of indirect materials used

7:Record the cost of factory utilities paid in cash

8: Record the depreciation on factory equipment

9:Record the cost of factory rent, paid in cash

10:Record the 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 cash sale of Job 306

13; Record the assignment of any underapplied or overappled overhead to the Cost of Goods Sold account (the amount NOT material)