Saved Problem 15-1A 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 $82,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $26,000; factory rent, $30,000; factory utilities, $24,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April . Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $ 29,000 23,000 11,500 $ 39,000 16.000 8,000 Balances on March 31 Direct materials Direct Labor Appl! overhead costs during April Direct materials Direct labor Applied overhead Status on April 30 138,000 100,000 215,000 155,000 $120.000 102,000 Pinished (old) Finished (unsold) In procco Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each Job including the balances from March 31). Job 306 Job 307 Job 308 + April Total 5 $ 39,000 From March Direct Materials Direct Labor Applied overhead Beginning goods in process 29,000 23,000 11,500 16.000 8.000 $ 68,000 39,000 19.500 $ 0 Proy 1 2 3 4 of 5 !!! Next > Problem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March $ $ 39,000 29,000 23,000 11.500 $ 68,000 39,000 16,000 8,000 19,500 $ 0 Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April 138.000 100,000 215,000 155,000 120,000 101.000 473,000 356,000 0 238.000 370,000 221.000 Total costs (April 30) 829,000 $ 0 Status on April 30 April 30 cost included in Finished sold) Finished (unsold) In process