Stam Co.'s March 31 inventory of raw materials is $195,000. Raw materials purchases in April are $740,000, and factory payroll cost in April is $662,000. Overhead costs incurred in April are: indirect materials, $112,000; indirect labor, $92,000; factory rent, $64,000; factory utilities, $65,000; and factory equipment depreciation, $74,000. The predetermined overhead rate is 70% of direct labor cost. Job 306 is sold for $1,220,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 75,000 $104, 000 Direct labor 66,000 41,000 Applied overhead 46, 200 28, 700 Costs during April Direct materials 181, 000 289,000 $146,000 Direct labor 177,000 265,000 128,000 Applied overhead ? Finished Status on April 30 Finished (sold) In process (unsold) ? ? Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare journal entries for the month of April's transactions. View transaction list View journal entry worksheet Journal entry worksheet 9. Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits before credits. Account Title Debit Credit Date Apr 30 Finished goods inventory Work in process inventory Record entry Clear entry View general journal Journal entry worksheet j. Record the assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) Note: Enter debits before credits. Debit Credit Date Apr 30 Account Title Cost of goods sold Factory overhead Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gross Profit Prepare a schedule of cost of goods manufactured for Stam Company for the month of April. Dates: Mar 31 to: Apr 30 STAM COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used Direct labor used Factory overhead applied Total manufacturing costs added during April Add: Beginning work in process inventory Total cost of work in process Less: Ending work in process inventory