Marco Company shows the following costs for three jobs worked on in April. 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 $ 34,600 25,600 15,600 149,000 90,600 ? Finished (sold) Job 307 $ 40,600 23,600 14,600 234,000 164,000 ? Finished (unsold) Job 36 $ 114,6 119,6 ? In proce Additional Information a. Raw Materials Inventory has a March 31 balance of $85,600. b. Raw materials purchases in April are $514,000, and total factory payroll cost in April is $377,000. c. Actual overhead costs incurred in April are indirect materials, $53,500; indirect labor, $26,500; factory rent, $35,500; factory utilities, $22,500; and factory equipment depreciation, $54,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $649.000 cash in April.

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Req 5A
Compute gross profit for April.
Gross profit
Req 5A
Req 5B
Req 5B
Show how the three inventory accounts are
Raw materials
Work in process
Finished goods
Total inventories
Inventories
$
0
Transcribed Image Text:Req 5A Compute gross profit for April. Gross profit Req 5A Req 5B Req 5B Show how the three inventory accounts are Raw materials Work in process Finished goods Total inventories Inventories $ 0
Marco Company shows the following costs for three jobs worked on in
April.
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
Problem 19-2A (Algo) Part 4
MARCO COMPANY
Schedule of Cost of Goods Manufactured
For Month Ended April 30
Total manufacturing costs
Job 306
Total cost of work in process
$ 34,600
25,600
15,600
Cost of goods manufactured
149,000
90,600
?
Finished
(sold)
Job 307
$ 40,600
23,600
14,600
Additional Information
a. Raw Materials Inventory has a March 31 balance of $85,600.
b. Raw materials purchases in April are $514,000, and total factory payroll
cost in April is $377,000.
c. Actual overhead costs incurred in April are indirect materials, $53,500;
indirect labor, $26,500; factory rent, $35,500; factory utilities, $22,500; and
factory equipment depreciation, $54,500.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job 306 is sold for $649,000 cash in April.
234,000
164,000
?
Finished
(unsold)
4. Prepare a schedule of cost of goods manufactured for the month ended April 30.
Job 308
$ 114,000
119,000
?
In process
Transcribed Image Text:Marco Company shows the following costs for three jobs worked on in April. 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 Problem 19-2A (Algo) Part 4 MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Job 306 Total cost of work in process $ 34,600 25,600 15,600 Cost of goods manufactured 149,000 90,600 ? Finished (sold) Job 307 $ 40,600 23,600 14,600 Additional Information a. Raw Materials Inventory has a March 31 balance of $85,600. b. Raw materials purchases in April are $514,000, and total factory payroll cost in April is $377,000. c. Actual overhead costs incurred in April are indirect materials, $53,500; indirect labor, $26,500; factory rent, $35,500; factory utilities, $22,500; and factory equipment depreciation, $54,500. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $649,000 cash in April. 234,000 164,000 ? Finished (unsold) 4. Prepare a schedule of cost of goods manufactured for the month ended April 30. Job 308 $ 114,000 119,000 ? In process
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