Marco Company shows the following costs for three jobs worked on in April. Job 300 OD 30 dobo Balance on March 31 Duct materials used in March) $ 37,000 543,000 Direct Tabor used in March) 28.000 20.000 Overhead applied (March) 10,000 14,000 Costs during April Direct materials used 155,000 240,000 $120.000 Direct labor used 93,000 170,000 125,000 Overhead applied > 2 2 Finished Finished statu on April 30 In poco (old) tunsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $383,000 c. Actual overhead costs incurred in April are Indirect materials, $55,000 indirect labor $28,000, factory rent, $37.000, factory utilities $24,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April a. Materials purchases (on credit) b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306. j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account 3. Prepare journal entries for the month of April to record the above transactions