Marco Company shows the following costs for three Jobs worked on In Aprll. Additional Information...
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Marco Company shows the following costs for three Jobs worked on In Aprll. Additional Information a. Raw Materlals Inventory has a March 31 balance of $88,000. b. Raw materlals purchases in Aprll are $520,000, and total factory payroll cost in Aprll is $383,000. c. Actual overhead costs Incurred In Aprll are Indirect materlals, $55,000; Indirect labor, $28,000; factory rent, $37,000; factory utillities, $24,000; and factory equipment depreclation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in Aprll. Problem 2-2A (Algo) Part 5 5-a. Compute gross profit for Aprll. 5-b. Show how the three Inventory accounts are reported on the Aprll 30 balance sheet. Complete this question by entering your answers in the tabs below. Compute gross profit for April
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Marco Company shows the following costs for three Jobs worked on In Aprll. Additional Information a. Raw Materlals Inventory has a March 31 balance of $88,000. b. Raw materlals purchases in Aprll are $520,000, and total factory payroll cost in Aprll is $383,000. c. Actual overhead costs Incurred In Aprll are Indirect materlals, $55,000; Indirect labor, $28,000; factory rent, $37,000; factory utillities, $24,000; and factory equipment depreclation, $56,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in Aprll. Problem 2-2A (Algo) Part 5 5-a. Compute gross profit for Aprll. 5-b. Show how the three Inventory accounts are reported on the Aprll 30 balance sheet. Complete this question by entering your answers in the tabs below. Compute gross profit for April 