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. The following is production information for Marcelino Co. February 28 inventory of raw materials is $75,000. Raw materials purchases in March are $625,000 Factory

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. The following is production information for Marcelino Co. February 28 inventory of raw materials is $75,000. Raw materials purchases in March are $625,000 Factory payroll cost in March is $510,000 Overhead costs incurred in March are: Indirect materials, $45,000 o Indirect labor. $55,000 o Factory rent, $25,000 o Factory utilities, $13,000 Factory equipment depreciation, $60,000 The predetermined overhead rate is 45% of direct labor cost. Job 200-006 is sold for $580,000 cash in March Below is a schedule of costs for the three jobs worked on in March. Job 202-002 was started in March. Job 200-006 Job 201-005 Job 202-002 Totals $35,000 $ 43,000 $ 78,000 Balances on February 28: Direct materials Direct labor Applied overhead 27,000 30,000 57,000 12,150 13,500 25,650 Costs during March: Direct materials 182,000 254,000 $123,000 559000 Direct labor 150,000 201,000 104,000 455000 67500 90450 46800 204750 Applied overhead Subtotals for March 399500 545450 273800 1218750 Totals (February and March) 473650 631950 273800 1379400 Status on March 31 Finished and sold Finished but unsold Unfinished Using the information from the previous question, record the following journal entries for Marcelino Co.: 1. Raw materials purchased on account. 2. Direct materials used in March production. 3. Direct labor used in March production. 4. Overhead applied to March production 5. Indirect materials used in March production. 6. Indirect labor used in March production. 7. Factory rent. 8. Factory utilities. 9. Factory equipment depreciation 10. Transfer of goods manufactured during March from WIP to finished goods. 11. Sale of Job 200-006. 12. Cost of goods sold for Job 200-006 13. Over/under applied overhead. Use the space below to type you journal entries

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