[The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 25,000 $ 36,000 Direct labor used (in March) 20,000 14,000 Overhead applied (March) 10,000 7,000 Costs during April Direct materials used Overhead applied 131,000 103,000 ? Finished (sold) 210,000 $110,000 154,000 ? Finished (unsold) 104,000 ? In process Direct labor used. Status on April 30 Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $387,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $26,000; factory rent, $39,000; factory utilities, $20,000; and factory equipment depreciation, $59,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ 451,000 Direct labor 361,000 Factory overhead applied Total manufacturing costs 812,000 Add: Work in process inventory, beginning Total cost of work in process 812,000 Less: Work in process inventory, ending Cost of goods manufactured $ 812,000 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 25,000 $ 36,000 Direct labor used (in March) 20,000 14,000 Overhead applied (March) 10,000 7,000 Costs during April Direct materials used Overhead applied 131,000 103,000 ? Finished (sold) 210,000 $110,000 154,000 ? Finished (unsold) 104,000 ? In process Direct labor used. Status on April 30 Additional Information a. Raw Materials Inventory has a March 31 balance of $89,000. b. Raw materials purchases in April are $560,000, and total factory payroll cost in April is $387,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $26,000; factory rent, $39,000; factory utilities, $20,000; and factory equipment depreciation, $59,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ 451,000 Direct labor 361,000 Factory overhead applied Total manufacturing costs 812,000 Add: Work in process inventory, beginning Total cost of work in process 812,000 Less: Work in process inventory, ending Cost of goods manufactured $ 812,000