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Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 29,400 20,400 10,400 $ 35,400 18,400 9,400 Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costa during April Direct materiale used Direct labor used Overhead applied Status on April 30 136,000 85,400 $ 101,000 106,000 221,000 151,000 7 Finished (unsold) Finished (sold) In process Additional Information a. Raw Materials Inventory has a March 31 balance of $80,400. b. Raw materials purchases in April are $501,000, and total factory payroll cost in April is $364,000. c. Actual overhead costs incurred in April are indirect materials, $50,250; Indirect labor, $23,250; factory rent, $32,250; factory utilities, $19,250; and factory equipment depreciation, $51,250. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $636,000 cash in April. MARCO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 Direct materials used $ Direct labor 458,000 342,400 171,200 971,600 Factory overhead applied Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 1,109,600 $ 1,109,600 Problem 19-2A (Algo) Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the Complete this question by entering your answers in the tal Req 5A Req 5B Compute gross profit for April. Gross profit ROG SA 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts Complete this question by entering your Req 5A Req 5B Show how the three inventory accounts are rep Inventories Raw materials Work in process Finished goods Total inventories $ 0

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