Solve the part 1,2,3,4
Part 2
Part 3
Required intormation Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 (The following information applies to the questions displayed below) rt t of 4 Marcelino Co's March 31 inventory of raw materials is $83,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $23,000; factory rent, $30,000; factory utilities, $24,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 ob 307Job 308 Balances on March 31 Direct materials s 30, 000 s 45,000 Direct labor Applied overhead 18,000 9,000 22, 000 11,000 Costs during April Direct materials Direct labor Applied overhead 134,000 215, 000 $ 100, 000 104,000 151, 000 101, 000 Finished Finished (sold) (unsold) process In Status on April 30 1 23 4 Next > cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost 30,000 45,000 $ 75,000 11,000 20,000 100,000 449,000 56,000 1 2 3 4 or 14 Next> a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 306 and 307 to Finished Goods Inventory. h. Cost of goods sold for Job 306 I. Revenue from the sale of Job 306 J. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) 2. Prepare journal entries for the month of April to record the above transactions K Prey 2 3 4 of 14Next> SAMSUNG 0 Required information Journal entry worksheet 1 2 34 5 6 7813 Record the entry for Materiels purchases (on credit). Note: Enter debits before credits SAMSUNG 3 4 5 7 8 9 Required information Journal entry worksheet 1 235 6713 Record the Direct labor paid and assigned to Work in Process Inventory Note: Enter debits before credits Prey 2 3 4 of 14 Next > SAMSUNG 3 4 5 6 8 Required information Journal entry worksheet 1 2 3 4 5 6 7 8 13 Record the indirect labor paid and assigned to Factory Overhead. Note: Enter debits before credits Journal Debit Credit SAMSUNG 4 5 6 7 Required information Journal entry worksheet 8 13 6 Record the entry for Overhead costs applied to Work in Process Inventory. Note: Enter debits before credits. General Journal Debit Credit Prey2 3 4 1 Next> Next > of 14 SAMSUNG 3 4 5 Required information Journal entry worksheet 8 13 Record the cost of indirect materials used. Note: Enter debits before credits. General Journal Debit Credit Prey2 3 4 of 14 Next> SAMSUNG 3 4 5 Required information Journal entry worksheet 8 13 Record the cost of factory utilities, paid in cash. Note: Enter debits before credits Debit Credit f(2) Prey2 3 4 of 14 Next> SAMSUNG 3 4 5 7 Journal entry worksheet 1 23 45 6 78... 13 Record depreciation on factory equipment. Note: Enter debits before credits. General Journal Debit Credit f(3) Prey , 234 of 14 Next SAMSUNG 3 4 5 6 8 Required information Journal entry worksheet 14 5 678913 Record the cost of factory rent, paid in cash. Note: Enter debits before credits. Debit 1(4) SAMSUNG 8 3 4 5 6 7 8 Required information Journal entry worksheet 7 910 13 Record the entry for transfer of Jobs 306 and 307 to Finished Goods Invent Note: Enter debits before credits. General Journal Debit Credit Prey 234 of14 Next > SAMSUNG 8 3 4 5 6 8 Required information Journal entry worksheet 1 6 7 89 10 11 13 Record the Cost of goods sold for Job 306. Note: Enter debits before credits. Debit h. Prev 2 3 4 o 14 Next SAMSUNG 8 tk 3 4 5 6 Required information Journal entry worksheet 11 12 13 1 . 6 78 9 10 Record the revenue from the sale of Job 306. Note: Enter debits before credits Credit KPrey 2 3 4 of 14Next> SAMSUNG 8 3 4 5 6 8 Required information Journal entry worksheet 6 7 89 10 11 12 Record the entry for assignment of any underapplied or overapplied overhead to the Cost of Goods Sold Note: Enter debits before credits. General Journal Debit Credit SAMSUNG 3 4 5 6 8 Problem 19-1A Part 3 3. Prepare a schedule of cost of goods manufactured Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured K Prev 34 of 14 EE Next SAMSUNG 3 4 5 6 7 M Inbox (1) hassans... r19-Homework Balances on March 31 Direct materials$30, 000 45, 000 Direct labor Applied overhead11,000 Direct materials Direct labor Applied overhead 22,000 18, 000 9, 000 Costs during April 134,000 215, 000 $ 100,000 104, 000 151, 000 101,000 Finished Finished In Status on April 30 (sold) (unsold) process Problem 19-1A Part 4 4.1 Compute gross profit for April. Gross Profit Prev 4 of 14N
