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Marco Company shows the following costs for three jobs worked on in April. Additional
Information a. Raw Materials Inventory has a March 31 balance of $86 , 000 . b. Raw materials
purchases in April are $520 , 000 , and total factory payroll cost in April is $385 , 000 . c. Actual
overhead costs incurred in April are indirect materials, $54 , 000 ; indirect labor, $28 , 000 ;
factory rent, $36 , 000 ; factory utilities, $21 , 000 ; and factory equipment depreciation, $57 ,
000 . d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650.000
cash in April. Compute gross profit for April. begin{tabular}{|l|l|} hline multicolumn{2}{|c|}{
Inventories }  hline Raw materials &  hline Work in process &  hline Finished goods & 
hline Total inventories & $  hline end{tabular}

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Marco Company shows the following costs for three jobs worked on in Ap.docx

  • 1. Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $86 , 000 . b. Raw materials purchases in April are $520 , 000 , and total factory payroll cost in April is $385 , 000 . c. Actual overhead costs incurred in April are indirect materials, $54 , 000 ; indirect labor, $28 , 000 ; factory rent, $36 , 000 ; factory utilities, $21 , 000 ; and factory equipment depreciation, $57 , 000 . d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $650.000 cash in April. Compute gross profit for April. begin{tabular}{|l|l|} hline multicolumn{2}{|c|}{ Inventories } hline Raw materials & hline Work in process & hline Finished goods & hline Total inventories & $ hline end{tabular}