Marco Company shows the following costs for three jobs worked on in April. Additional Information...
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Accounting
Marco Company shows the following costs for three jobs worked on in April. 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. Show how the three inventory accounts are reported on the April balance sheet.
Marco Company shows the following costs for three jobs worked on in April.
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.
Show how the three inventory accounts are reported on the April balance sheet.
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