Problem 15-1A Production costs computed and recorded; reportsprepared LO C2, P1, P2, P3, P4 [The…

 
   

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Problem 15-1A Production costs computed and recorded; reportsprepared LO C2, P1, P2, P3, P4 [The following information appliesto the questions displayed below.] Marcelino Co.’s March 31inventory of raw materials is $85,000. Raw materials purchases inApril are $550,000, and factory payroll cost in April is $367,000.Overhead costs incurred in April are: indirect materials, $57,000;indirect labor, $29,000; factory rent, $34,000; factory utilities,$22,000; and factory equipment depreciation, $53,000. Thepredetermined overhead rate is 50% of direct labor cost. Job 306 issold for $630,000 cash in April. Costs of the three jobs worked onin April follow.