5 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 March Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information Problem 19-2A (Algo) Part 2 Direct materials Direct labor Overhead applied Work in process, beginning April Direct materials Direct labor Overhead applied Costs added in April Total costs Status on April 30 April 30 cost included in: $ Job 306 a. Raw Materials Inventory has a March 31 balance of $81,600. b. Raw materials purchases in April are $504,000, and total factory payroll cost in April is $367,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $33,000; factory utilities, $20,000; and factory equipment depreciation, $52,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $639,000 cash in April. 30,600 21,600 11,600 Job 306 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). 139,000 86,600 $ 30,600 21,600 11,600 Finished (sold) 139,000 86,600 Finished (sold) Job 307 $ $ 36,600 19,600 10,600 224,000 $ 104,000 154,000 ? Finished (unsold) 109,000 ? In process Job 307 Job 308 36,600 19,600 10,600 224,000 154,000 Finished (unsold) Job 308 In process 104,000 109,000 April Total 467,000 349,600
