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15 [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 Part 2 of 4 Job 308 $ 25,000 25,000 12,500 $ 38,000 17,000 8,500 3 points Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 215,000 155,000 $ 105,000 100,000 131,000 102,000 ? Finished (sold) Finished (unsold) In process eBook Additional Information Print a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $24,000; factory rent, $30,000; factory utilities, $24,000, and factory equipment depreciation, $54,000 d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $675,000 cash in April. References 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Job 306 Job 307 Job 308 April Total March Direct materials S $ Direct labor 25,000 25,000 12,500 38,000 17,000 8,500 Overhead applied Work in process, beginning April Direct materials 131,000 102,000 215,000 155.000 105,000 100,000 451,000 357,000 Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: Finished (sold) Finished (unsold) In process 17 Required Information [The following information applies to the questions displayed below.] Part 4 of 4 Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 3 points $ 25,000 25,000 12,500 $ 38,000 17,000 8,500 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 131,000 102,000 215,000 155,000 ? Finished (unsold) $ 105,000 100,000 ? eBook Finished (sold) In process Print Additional Information References a. Raw Materials Inventory has a March 31 balance of $90,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $381,000. C. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $24,000; factory rent, $30,000; factory utilities, $24,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $675,000 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

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