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ework0 Saved Help Save & Exit Submit Check my work Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 IThe following information applies to the questions displayed below] Marcelino Co.s March 31 inventory factory payrollcost in Api is $381,000. Overhead costs incurred in April are: indirect materials, $59,000: indirect labor of raw materials is $84,000. Raw materials purchases in April are $520,000, and $24,000; factory rent, $34,000: factory utilities, $22,000; and factory equipment predetermined overhead rte is 50% of direct labor cost Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 $31,000 42,000 Balances on March 31 Direct materials Direct labor Applied overhead 21,000 10,500 14,000 7,000 Costs during April Direct materials Direct labor Applied overhead 140,000 101,000 215,000 $115,000 153,000 103,000 Finished rinished In Status on April 30 (sold) (unsold) process Problem 15-1A Part 1 Required

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Requirement 1 Job 306 Job 307 Job 308 April Total From March 31 Direct materials 31000 42000 73000 Direct Labor 21000 14000 35000 Appled Overheads 10500 7000 17500 Beginning goods in process 62500 63000 0 125500 For April Direct materials 140000 215000 115000 470000 Direct Labor 101000 153000 103000 357000 Appled Overheads 50500 76500 51500 178500 Total cost added in April 291500 444500 269500 1005500 Total Costs (April. 30) 354000 507500 269500 1131000 Status on April 30 Finished (Sold) Finished (unSold) In Process April 30 cost included in Cost of goods sold Finished Goods Inventory Work in process Requirement 2 JOURNAL No. Transaction General Journal Debit Credit 1 a. Raw material Inventory 520000 Accounts Payable 520000 2 b. Work in process inventory 470000 Raw material Inventory 470000 3 c. Work in process 357000 Cash 357000 4 d. Factory Overhead 24000 Cash 24000 5 e. Work in process inventoy 178500 Factory overhead 178500 6 f(1) Factory Overhead 59000 Raw material inventory 59000 7 f(2) Factory Overhead 56000 Cash 56000 8 f(3) Factory Overhead 55000 Accumulated depriciation - factory equipment 55000 9 f(4) Work in process 178500 Factory Overhead 178500 10 g Finished goods Inventory 861500 Work in process 861500 11 h(1) Cash 665000 Sales 665000 12 h(2) Cost of goods sold 354000 Finished goods Inventory 354000 Requirement 3 MARCELINO COMPANY Scheduled of cost of Good Manufactured For the month Ended April. 30 Direct materials 470000 Direct Labor 357000 Appled Overheads 178500 Total Manufacturing cost 1005500 Add: Work in Process - April. 1 125500 Total cost of work in process 1131000 Less: Work in process - April.30 269500 Cost of goods Manufactured 861500

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