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Screenshot (16) - Windows Photo Viewer File Print E-mail Burn Open Marcelino Co.s March 31 inventory of raw materials is $84,000. Raw materials purchases in
Screenshot (16) - Windows Photo Viewer File Print E-mail Burn Open Marcelino Co.s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April follovw Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor Applied overhead $ 26,000 36,000 18,000 9,000 24,000 12,000 Costs during April Direct materials Direct labor Applied overhead Status on April 30 137,00e 101,000 215,000 110,000 102,000 153,000 Finished (unsold) 1n1shed (sold) process 11:21 PM 9/22/2018
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