Marco Company shows the following costs for three jobs worked on in April.
Problem A Algo Part
a Materials purchases on credit
b Direct materials used.
c Direct labor used and paid in cash and assigned to Work in Process Inventory.
d Indirect materials used and assigned to Factory Overhead.
e Indirect labor used and paid in cash and assigned to Factory Overhead.
f Overhead costs applied to Work in Process Inventory.
g Actual other overhead costs incurred Factory rent and utilities are paid in cash.
h Transfer of Jobs and to Finished Goods Inventory.
i Cost of goods sold for Job
j Revenue from the sale of Job received in cash.
k Close underapplied or overapplied overhead to the Cost of Goods Sold account.
Prepare journal entries for the month of April to record the above transactions.
