Walters 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)	$ 29,800	$ 36,200
Direct labor (in March)	20,800	18,400
Applied overhead (March)	10,400	9,200
Costs during April
Direct materials	135,800	221,200	$ 100,400
Direct labor	86,600	152,000	105,400
Applied overhead	?	?	?
Status on April 30	Finished (sold)	Finished (unsold)	In process

Additional Information

1. Raw Materials Inventory has a March 31 balance of $82,000.
2. Raw materials purchases in April are $500,800, and total factory payroll cost in April is $367,400.
3. Actual overhead costs incurred in April are indirect materials, $50,400; indirect labor, $23,400; factory rent, $32,400; factory utilities, $19,400; and factory equipment depreciation, $51,800.
4. Predetermined overhead rate is 50% of direct labor cost.
5. Job 306 is sold for $600,000 cash in April.

Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Prepare journal entries for the month of April's transactions. View transaction list Journal entry worksheet