GL1501 - Based on Problem 15-1A Marcelino Company LO C2, P1, P2,P3, P4

Marcelino Co.’s March 31 inventory of raw materials is $80,000.Raw materials purchases in April are $500,000, and factory payrollcost in April is $363,000. Overhead costs incurred in April are:indirect materials, $50,000; indirect labor, $23,000; factory rent,$32,000; factory utilities, $19,000; and factory equipmentdepreciation, $51,000. The predetermined overhead rate is 50% ofdirect labor cost. Job 306 is sold for $635,000 cash in April.Costs of the three jobs worked on in April follow.

	Job 306	Job 307	Job 308
Balances on March 31
Direct materials		$	29,000			$	35,000
Direct labor			20,000				18,000
Applied overhead			10,000				9,000
Costs during April
Direct materials			135,000				220,000			$	100,000
Direct labor			85,000				150,000				105,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)	Finished (unsold)		In process

General Journal tab - Prepare journalentries to record the transactions of Marcelino Company during themonth of April.

Job Costs tab - Calculate the totalcost, and account classification for each job worked on duringApril.

Cost of Goods Manufactured tab -Prepare a schedule of cost of goods manufactured for MarcelinoCompany during the month of April.

Gross Profit tab - Calculate the grossprofit on the sale of job(s) during April

REQUIREMENTS

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