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Required information [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Job

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Required information [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 387 Job 308 Balances on March 31 $ 37,000 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April $ 32,000 23,000 11,500 16,000 8,000 210,000 Direct materials used i Direct labor used Overhead applied 132,000 105,000 150,000 $ 100,000 101,000 > Status on April 30 Finished Finished In process (sold) (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $384.000. c. Actual overhead costs incurred in April are indirect materials, $58.000; indirect labor, $28.000; factory rent, $32,000; factory utilities. $23,000, and factory equipment depreciation, $55.000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650.000 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 Total manufacturing costs Total cost of work in process. Cost of goods manufactured $ 0 0 5-6. Compute gross profit for April 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Reg 5A Req 58 Compute gross profit for April. Req 5B > 3-a. Compute gross profit for April 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet Complete this question by entering your answers in the tabs below. Req 5A Rea 38 Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Totat inventories 0

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