The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor. $25,000; factory rent, $39,000, factory utilities, $20,000, and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 387 Job 388 $ 31,000 24.ee 12,000 $ 35,000 15,000 7,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 131,00 104,eee 210, cee 152,00 $115,000 103,000 Finished (sold) Finished (unsold) In process Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total 31,000 24,000 12,000 66,000 39.000 19,500 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs April 30) Status on April 30 210 000 000 131,000 104.000 456.000 359.000 152.000 103.000 235.000 362 000 218,000 815.000 Finished (sold) Finished (unsold) in process AR
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