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Walsh Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials

Walsh Company shows the following costs for three jobs worked on in April.

Job 306

Job 307

Job 308

Balances on March 31

Direct materials (in March)

$ 33,200

$ 41,300

Direct labor (in March)

24,200

20,100

Applied overhead (March)

12,100

10,050

Costs during April

Direct materials

139,200

226,300

$ 102,100

Direct labor

93,400

160,500

107,100

Applied overhead

?

?

?

Status on April 30

Finished (sold)

Finished (unsold)

In process

Additional Information

  1. Raw Materials Inventory has a March 31 balance of $90,500.
  2. Raw materials purchases in April are $504,200, and total factory payroll cost in April is $386,100.
  3. Actual overhead costs incurred in April are indirect materials, $52,100; indirect labor, $25,100; factory rent, $34,100; factory utilities, $21,100; and factory equipment depreciation, $55,200.
  4. Predetermined overhead rate is 50% of direct labor cost.
  5. Job 306 is sold for $640,000 cash in April.

Complete this question by entering your answers in the tabs below.

Requirement. General Journal. General Ledger. Trial Balance. Job Costs. Cost of Goods Mfg. Gross Profit

Prepare journal entries for the month of April's transactions.

No

Date

Account title

Debit

Credit

1

April 30

2

April 30

3

April 30

4

April 30

5

April 30

6

April 30

7

April 30

8

April 30

9

April 30

10

April 30

11

April 30

Prepare a schedule of cost of goods manufactured for Walsh Company for the month of April.

WALSH COMPANY

Schedule of Cost of Goods Manufactured

For Month Ended April 30

Total manufacturing costs added during April

Total cost of work in process

Select the accounts used in the calculation of gross profit. Enter the amount of gross profit for Walsh Company for the month of April.

0

0

Gross profit

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