Additional Information
a Raw Materials Inventory has a March balance of $
b Raw materials purchases in April are $ and total factory payroll cost in April is $
c Actual overhead costs incurred in April are indirect materials, $; indirect labor, $; factory rent, $;
factory utilities, $; and factory equipment depreciation, $
d Predetermined overhead rate is of direct labor cost.
e Job is sold for $ cash in April.
a Compute gross profit for April.
b Show how the three inventory accounts are reported on the April balance sheet.
Complete this question by entering your answers in the tabs below.
Compute gross profit for April.
