Marco Company shows the following costs for three jobs worked on in April.Job 306$ 26,00024,00012,000Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during AprilDirect materials usedDirect labor usedOverhead appliedStatus on April 30MARCO COMPANYSchedule of Cost of Goods ManufacturedFor Month Ended April 30Total manufacturing costs131,000104,000?Total cost of work in processFinished(sold)Cost of goods manufacturedJob 307$ 40,00016,0008,000210,000155,000Finished(unsold)Additional Informationa. Raw Materials Inventory has a March 31 balance of $87,000.b. Raw materials purchases in April are $570,000, and total factory payroll cost in April is $386,000.c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $35,000;factory utilities, $22,000; and factory equipment depreciation, $57,000.d. Predetermined overhead rate is 50% of direct labor cost.e. Job 306 is sold for $655,000 cash in April.Job 3084. Prepare a schedule of cost of goods manufactured for the month end April 30.$ 110,000103,000In process

Name: Marco Company shows the following costs for three jobs worked on in A
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Marco Company shows the following costs for three jobs worked on in April.Job 306$ 26,00024,00012,000Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during AprilDirect materials usedDirec