larco Company shows the following costs for three jobsorked on in April.Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March).Costs during AprilDirect materials used.Direct labor usedOverhead appliedStatus on April 30dditional InformationRaw Materials Inventory has a March 31 balance of85,200.Job 306$ 34,20025,20015,2005A148,00090,200?Finished(sold)Raw materials purchases in April are $513,000, and totalactory payroll cost in April is $376,000.Actual overhead costs incurred in April are indirectmaterials, $53,250; indirect labor, $26,250; factory rent,35,250; factory utilities, $22,250; and factory equipmentepreciation, $54,250.Req 5Biterialsprocess1 goods'entoriesJob 307$ 40,20023, 20014,200Predetermined overhead rate is 50% of direct labor cost.. Job 306 is sold for $648,000 cash in April.Inventories233,000163,000?Finished(unsold)Compute gross profit for April.how how the three inventory accounts are reported onoril 30 balance sheet.mplete this question by entering your answerslow.Job 308$ 113,000118,000?In processw how the three inventory accounts are reported orance sheet. [The following information applies to the questionsdisplayed below.]Marco Company shows the following costs for three jobsworked on in April.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 306Additional Informationa. Raw Materials Inventory has a March 31 balance of$85,200.$ 34,20025,20015, 200148,00090,200?Req 5AFinished(sold)b. Raw materials purchases in April are $513,000, and totalfactory payroll cost in April is $376,000.c. Actual overhead costs incurred in April are indirectmaterials, $53,250; indirect labor, $26,250; factory rent,$35,250; factory utilities, $22,250; and factory equipmentdepreciation, $54,250.Req 5BRaw materialsWork processFinished goodsTotal inventoriesJob 307$ 40,20023,20014, 200d. Predetermined overhead rate is 50% of direct labor cost.e. Job 306 is sold for $648,000 cash in April.Inventories233,000163,000?Finished(unsold)5-a. Compute gross profit for April.5-b. Show how the three inventory accounts are reported onthe April 30 balance sheet.Complete this question by entering your ansbelow.InShow how the three inventory accounts are reportbalance sheet.

Name: larco Company shows the following costs for three jobsorked on in Apr
Uploaded: 2024-03-20T06:32:49.000Z
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Description: larco Company shows the following costs for three jobsorked on in April.Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March).Costs during AprilDirect materials used.Direct labor usedOverhead applie