Strods Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 59,000 50,000 40,000 $ 80,000 33,000 26,400 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead Status on April 30 165,000 145,000 ? Finished (sold) 265,000 225,000 ? Finished (unsold) $ 130,000 120,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $155,000. b. Raw materials purchases in April are $680,000, and total factory payroll cost in April is $558,000. c. Actual overhead costs incurred in April are indirect materials, $101,280; indirect labor, $34,000; factory rent, $36,000; factory utilities, $29,000; and factory equipment depreciation, $58,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $1,050,000 cash in April. Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet a. Record the purchase of materials (on credit). Note: Enter debits before credits. Account Title Debit Credit Date April 30 Record entry Clear entry View general journal Calculate the amount of overhead to be applied to each of the jobs worked on during April. Then, using the drop-d which account in the ledger should include the job's costs as of April 30. Job 306 Job 307 Job 308 April Total $ 59,000 $ 50,000 40,000 149,000 80,000 33,000 26,400 139,400 $ 288,400 Beginning Work in Process (March costs) Direct materials Direct labor Overhead applied Total Beginning Work in Process inventory Costs added in April Direct materials Direct labor Overhead applied Total costs added in April Total cost of jobs At the end of April, indicate which account should include each job's costs. $ 165,000 $ 145,000 265,000 225,000 130,000 120,000 560,000 490,000 0 1,050,000 310,000 490,000 250,000 $ Cost of goods sold Finished goods inventory Work in process inventory Prepare a schedule of cost of goods manufactured for Strods Company for the month of April. STRODS 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 Select the accounts used in the calculation of gross profit. month of April. 0 0 Gross profit