Please help me without plagiarism please Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during AprilDirect materials usedDirect labor usedOverhead appliedStatus on April 30Job 306$ 27,00020,00010,000135,000105,000-Finished(sold)Job 307$ 39,00018,0009,000210,000150,0002Finished(unsold)$ 105,000102,0007In processAdditional Informationa. Raw Materials Inventory has a March 31 balance of $81,000.b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $379,000.c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $22,000; factory rent, $31,000;factory utilities, $24,000; and factory equipment depreciation, $55,000.d. Predetermined overhead rate is 50% of direct labor cost.e. Job 306 is sold for $650,000 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.Job 308e. 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 cashk. 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.

Name: Please help me without plagiarism please Balances on March 31Direct ma
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please help me without plagiarism please Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during AprilDirect materials usedDirect labor usedOverhead appliedStatus on April 30Job 306$ 27,000

The journal entries are prepared to record the transactions on regular basis. The direct costs are…

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Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Job 306 $ 27,000 20,000 10,000 135,000 105,000- 2 Finished (sold) Job 307 $ 39,000 18,000 9,000 210,000 150,000 2 Finished (unsold) Job 308 $ 105,000 102,000 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $81,000. b. Raw materials purchases in April are $520,000, and total factory payroll cost in April is $379,000. c. Actual overhead costs incurred in April are indirect materials, $52,000; indirect labor, $22,000; factory rent, factory utilities $30.000