Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $81,600. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is $367,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $639,000 cash in April. Journal entry worksheet 56 Record the entry for material purchased on credit. Note: Enter debits befor credits. Journal entry worksheet 56 Record the direct materials used in production. Note: Enter debits befor credits. Journal entry worksheet Record the indirect materials used. Note: Enter debits befor credits. Journal entry worksheet Record the indirect labor (paid in cash). Note: Enter debits befor credits. Journal entry worksheet Record the application of overhead costs. Note: Enter debits befor credits. Journal entry worksheet Record the actual other overhead costs incurred (Factory rent and utilities are paid in cash.) Note: Enter debits befor credits. Journal entry worksheet Record the transfer of Jobs 306 and 307 to Finished Goods Inventory. Note: Enter debits befor credits. Record the cost of goods sold for Job 306. Note: Enter debits befor credits. Journal entry worksheet Record the revenue from the sale of Job 306 received in cash. Note: Enter debits befor credits. Journal entry worksheet Record the entry to close underapplied or overapplied overhead to the Cost of Goods Sold account. Note: Enter debits befor credits