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CoursHeroTranscribedText: III. C Assembly Works uses job order cost accumulation and applies overhead based on direct Isbor hours. Any underapplied oroverapplied overhead is adjusted directly to Cost of Goods Sold at the end of each month. On April i, job cost sheet indicated the following: Job 201 Job 202 Job 203 Job 204 Direct materials P3,590 F2,000 Pi,430 P2,000 Direct labor 2,700 1,500 1,000 1,200 Applied overhead 2.190 1,200 980 Total Cost P8,450 P4 ,700 P3 290 P4.180 Job status Finished In Process In Process In Process On April 30, Finished goods contained only Jobs 204 and 207, which had the following total costs: Job 204 Job 207 Direct materials P2,970 F2.450 Direct labor 2,700 1,900 Applied Overhead 1,760 1,520 Total costs P6,830 P5,870 Besides working on Jobs 204 and 207 in April, C Assemble Works continued work in Jobs 202 and 203 and started work on Jobs 205 and 208. A summary of direct materials used and direct labor hours worked on Jobs 202, 203, 205, and 206 during April showed the blowing: Job 202 Job 203 Job 205 Job 205 Direct materials Pi,250 55.5 F2.500 P1,830 Direct labor 100 75 105 50 Other information: a. On April 30, the only jobs still in process were 203 and 206. D. All workers are paid F20 per hour. Wage rates have been stable throughout the year. C. C Assembly Works maintains only one raw materials account (Materials Control) from which it issues both direct and indirect materials. The balance in this account was P2,750 on Apr i. J. All sales are billed on accountat 150% of btal cost e. Other items on April: Depreciation, factory equipment P 1375 Raw materials purchased 11,500 Indirect labor 2.500 Factory rent and utilities 2,700 Indirect materials used 2,790 Required: 1. Determine the April 30 balances for Materials Control and Work in Process. 2. Prepare all journal entries required for job 202 in April

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