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C | Secure I https://new cor connect.htrri Check my work Required information The following information appiles to the questions displayed below Part 3 of 4 Marcelino Co.s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are S530,000, and factory payroll cost in April is $380,000. Overheed costs incurred in April are: indirect materials, $52,000, indirect labor, $27,000; factory rent, $33,000: factory utilities, $22,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $640,000 cash in April. Costs of the three jobs worked on in April follow. 10 poirnts Jub 306 alances on Narch 31 Direct materials Direct labor Applied overhead 26,000 37,0e0 14,888 7,900 25.008 12,500 Costs during April Direct material Direct labor Applied overhead 132,a80 101,808 215,800 $115,000 101,8e0 151,880 status on April 30 unsold) process 3. P repare a schedule o f cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods Manufactured For Month Ended April 30 materials used labor used KPre of 9 Next > 3:00 PM O Type here to search 1117/2017Explanation / Answer
Job 306
Job 307
Job 308
April Total
From March
Direct Materials
26000
37000
63000
Direct Labor
25,000
14,000
39000
Applied overhead
12,500
7,000
19500
Beginning goods in process
63500
58000
121500
For April
Direct Materials
1,32,000
2,15,000
1,15,000
462000
Direct Labor
1,01,000
1,51,000
1,01,000
353000
Applied overhead
50,500
75,500
50,500
176500
Total costs added in April
283500
441500
2,66,500
991500
Total costs (April 30)
347000
499500
266500
1113000
Status on April 30
Finished (sold)
Finished (unsold)
In process
April 30 cost included in:
Cost of goods sold
Finished goods inventory
Goods in process inventory
Applied overhead
Job 306
Job 307
Job 308
April Total
From March
Direct Materials
26000
37000
63000
Direct Labor
25,000
14,000
39000
Applied overhead
12,500
7,000
19500
Beginning goods in process
63500
58000
121500
For April
Direct Materials
1,32,000
2,15,000
1,15,000
462000
Direct Labor
1,01,000
1,51,000
1,01,000
353000
Applied overhead
50,500
75,500
50,500
176500
Total costs added in April
283500
441500
2,66,500
991500
Total costs (April 30)
347000
499500
266500
1113000
Status on April 30
Finished (sold)
Finished (unsold)
In process
April 30 cost included in:
Cost of goods sold
Finished goods inventory
Goods in process inventory
Schedule of cost of goods manufactured Direct materials used 462000 Direct labor 353000Applied overhead
176500 Total manufacturing costs 991500 Add: Beginning work in process 121500 Total cost of work in process 1113000 Less: Ending work in process 266500 Cost of goods manufactured 846500Related Questions
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