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Requirea informatiOn Problem 19-1A Production costs computed and recorded; reports prepared LO C2,...

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Accounting

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Requirea informatiOn Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed belowj Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $29,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 $ 36,000 13,000 6,500 $ 26,000 Direct materials Direct labor Applied overhead 21,000 10,500 Costs during April Direct materials Direct labor Applied overhead Status on April 30 220,000 $110,000 137,000 104,000 150,000 101,000 Finished (sold) Finished (unsold) In process

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