Please do not give solution in image format thanku Marcelino Co.'sMarch 31 inventoryof raw materials is$86,000. Rawmaterialspurchases in Aprilare $510,000, andfactory payroll costin April is $377,000.Overhead costsincurred in April are:indirect materials,$53,000; indirectlabor, $20,000;factory rent,$32,000; factoryutilities, $23,000;and factoryequipmentdepreciation,$59,000. Thepredeterminedoverhead rate is50% of direct laborcost. Job 306 issold for $685,000cash in April. Costsof the three jobsworked on in Aprilfollow.Balanceson March31DirectmaterialsDirectlaborAppliedoverheadCostsduringAprilDirectmaterialsDirectlaborAppliedoverheadJob 306 Job 307 Job 308$ 27,00025,00012,500Status on FinishedFinishedApril 30 (sold) (unsold)138,000101,000?Inprocess$ 40,00014,0007,0003. Prepare a schedule of cost of goods manufactured.200,000 $115,000152,000 104,000?? 2MARCELINO COMPANYSchedule of Cost of Goods ManufacFor Month Ended April 30Total manufacturing costsTotal cost of work in processCost of goods manufactured$

The cost of goods manufactured includes the cost of goods that are finished during the period. The…

materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status onFinishedFinished April 30 (sold) (unsold) 25,000 12,500 138,000 101,000 ? In process 14,000 7,000 200,000 $115,000 152,000 104,000 ? ?

materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status onFinishedFinished April 30 (sold) (unsold) 25,000 12,500 138,000 101,000 ? In process 14,000 7,000 200,000 $115,000 152,000 104,000 ? ?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...

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During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
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During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of $125,900. Overhead Is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
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