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Saved Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials
Saved Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $87,000. 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, $59,000; Indirect labor, $27,000; factory rent, $32,000; factory utilities, $24,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $700,000 cash in April. Costs of the three jobs worked on in April follow. Balances on March 31 Job 306 Job 307 Job 308 Direct materials Direct labor $ 29,000 $ 37,000 23,000 14,000 Applied overhead Costs during April 11,500 7,000 Direct materials 138,000 220,000 $110,000 Direct labor 101,000 150,000 105,000 Applied overhead ? ? ? Finished Finished In Status on April 30. (sold). (unsold) process 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Her
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