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Saved Required information Problem 1 5 - 2 A ( Algo ) Computing and recording job costs; preparing schedule of cost of goods manufactured LO

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Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4
[The following information applies to the questions displayed below.]
Marco Company shows the following costs for three jobs worked on in April.
Balances on March 31
Direct materials used (in March)
Direct labor used (in March)
Overhead applied (March)
Costs during April
Direct materials used
Direct labor used
Overhead applied
Status on April 30
Additional Information
a. Raw Materials Inventory has a March 31 balance of $88,000.
b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383,000.
c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $28,000; factory rent, $37,000; factory utilities, $24,000; and factory equipment depreciation, $56,000.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job 306 is sold for $655,000 cash in April.
Problem 15-2A (Algo) Part 2
2. Determine the total cost assigned to each job as of April 30(including the balances from March 31).
\table[[,Job 306,Job 307,Job 308,April Total],[March],[Direct materials,$,37,000,$,43,000,,,,],[Direct labor,,28,000,,26,000,,,,],[Overhead applied,,18,000,,17,000,,,,],[Work in process, beginning,P,,>,,$,0],[April],[Direct materials,,155,000,,240,000,,120,000,,515,000],[Direct labor,,93,000,,170,000,,125,000,,388,000],[Overhead applled],[Costs added in April,,248,000,,410,000,,245,000,,903,000],[Total costs,?,,Y,,,,$,0],[Status on April 30,Finish,,Finis!,,In process,,,],[April 30 cost included in:,1,,>,,,,,]]
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