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no factory rent provided Problem 15-2A (Algo) Computing and recording.pdf

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no factory rent provided Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in Aprii. Additional Information a. Raw Materials Inventory has a March 31 balance of $81 , 000 . b. Raw materials purchases in April are $550 , 000 , and total factory payroll cost in April is $382 , 000 . c. Actual overhead costs incurred in April are indirect materials, $52 , 000 ; indirect labor, $25 , 000 ; factor factory utilities, $23 , 000 ; and factory equipment depreciation, $62 , 000 . d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650 , 000 cash in April. Problem 15-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Journal entry worksheet 5 6 Record the entry for material purchased on credit. Note: Enter debits before credits..

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no factory rent provided Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in Aprii. Additional Information a. Raw Materials Inventory has a March 31 balance of $81 , 000 . b. Raw materials purchases in April are $550 , 000 , and total factory payroll cost in April is $382 , 000 . c. Actual overhead costs incurred in April are indirect materials, $52 , 000 ; indirect labor, $25 , 000 ; factor factory utilities, $23 , 000 ; and factory equipment depreciation, $62 , 000 . d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650 , 000 cash in April. Problem 15-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). Journal entry worksheet 5 6 Record the entry for material purchased on credit. Note: Enter debits before credits.

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