Test 2 CH 17, 18, 19 i Saved Help Save & Exit Submit Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $384,000, Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $22,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 three jobs worked on in April follow. sold for $675,000 cash in April. Costs of the Part 3 of 4 Job 306 Job 307 Job 308 Balances on March 31 Direct materials 31,000 39,000 Direct labor 21,000 13,000 Applied overhead 10,500 6,500 01:08:10 Co Direct materials 110,000 134,000 205,000 Skipped Direct labor 100.000 152,000 104,000 Applied overhead Finished Finished Tn 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 Total manufacturing costs Total cost of work process Cost of goods manufactured Mc Graw KPrev Next 10 of 27 Educatien