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Saved Help Problem 19-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.)
Saved Help Problem 19-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor $28,000; factory rent, $32,000; factory utilities, $21,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 388 $ 26,000 21,000 10,500 $ 40,000 14,000 7,880 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Stotus on April 30 220,000 150,000 $195,000 102,060 138,000 103,000 ? Finished (sold) Finished (unsold) In process Problem 19-1A Part 3 141259693_5175439.jpg 140410113_1343750.jpg 14086499532477514-jpg 441071327_0605-2009 earch L F10 F12 @ $ 4 % 5 8 7 s 0 3 6 8 9 W E R T Y U P I s F G . J IK L 3. Prepare a schedule of cost of goods manufactured. MARCELINO 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
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