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Required information Problem 2-2A (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
April. Additional Information 0. Raw Materials Inventory has a March 31 balance of $87,000. b.
Raw materials purchases in April are $500,000, and total factory payroll cost in April is $380,000.
c. Actual overhead costs incurred in April are indirect materials, $58,000; indirect labor, $22,000;
factory rent, $36,000; factory utilities, $20,000; and factory equipment depreciation, $56,000. d.
Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $640,000 cash in
April. Problem 2-2A (Algo) Part 55-a. Compute gross profit for April. 5.b. Show how the three
inventory accounts are reported on the April 30 balance sheet. Complete this question by entering
your answers in the tabs below. Show how the three inventory accounts are reported on the April
30 balance sheet:

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