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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
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 308Balances on March 31 Direct materials used (in March) $ 30,200 $ 36,200 Direct labor used (in March) 21,200 19,200 Overhead applied (March) 11,200 10,200 Costs during April Direct materials used 138,000 223,000 $ 103,000Direct labor used 86,200 153,000 108,000Overhead applied ?question mark ?question mark ?question markStatus on April 30 Finished (sold) Finished (unsold) In processAdditional InformationRaw Materials Inventory has a March 31 balance of $81,200.Raw materials purchases in April are $503,000, and total factory payroll cost in April is $366,000.Actual overhead costs incurred in April are indirect materials, $50,750; indirect labor, $23,750; factory rent, $32,750; factory utilities, $19,750; and factory equipment depreciation, $51,750.Predetermined overhead rate is 50% of direct labor cost.Job 306 is sold for $638,000 cash in April.4. Prepare a schedule of cost of goods manufactured for the month ended April 30.
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Good question To prepare a schedule of cost of goods manufactured COGM for Marco Company for the month ended April 30 we need to tabulate the costs as...
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