[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)	$ 32,000	$ 39,000
Direct labor used (in March)	23,000	17,000
Overhead applied (March)	11,500	8,500
Costs during April
Direct materials used	130,000	215,000	$ 105,000
Direct labor used	103,000	150,000	103,000
Overhead applied	?	?	?
Status on April 30	Finished (sold)	Finished (unsold)	In process

Additional Information

Raw Materials Inventory has a March 31 balance of $86,000.

Raw materials purchases in April are $500,000, and total factory payroll cost in April is $377,000.

Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $21,000; factory rent, $38,000; factory utilities, $25,000; and factory equipment depreciation, $63,000.

Predetermined overhead rate is 50% of direct labor cost.

Job 306 is sold for $650,000 cash in April.

Required: 1. Determine the amount of overhead applied to each job in April.

	306	307	308	April Total
				$0
Predetermined overhead rate	0.50	0.50	0.50	0.50
Overhead applied

2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31).

	Job 306		Job 307		Job 308		April Total
March
Direct materials	$32,000		$39,000
Direct labor	23,000		17,000
Overhead applied	11,500		8,500
Work in process, beginning							$0
April
Direct materials	130,000		215,000		105,000		450,000
Direct labor	103,000		150,000		103,000		356,000
Overhead applied							0
Costs added in April	233,000		365,000		208,000		806,000
Total costs							$0
Status on April 30	Finished (sold)		Finished (unsold)		In process
April 30 cost included in:

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a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306. j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions.

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
Total manufacturing costs	0
Total cost of work in process	0
Cost of goods manufactured	$0