Can you input this information please. Problem 2-1A Production costs computed an
ID: 2331507 • Letter: C
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Can you input this information please.
Problem 2-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below Marcelino Co.s March 31 inventory of raw materials is $80,000. Raw materials purchases in Aprill are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: Indirect materials, $50,000, indirect labor, $23,000; factory rent, $32.000; factory utilities, $19,000; and factory equipment depreclation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April Costs of the three jobs worked on in April follow Job 306 Job 307 Job 308 Balances on March 31 Direct materials Direct labor s 29,000 26,000 10, 6G0 $35,000 18, e30 9, 000 costs during April 135, e00 220,000 $100,000 150, 000 105, 000 Direct materials Direct labor Applied overhead Status on April 30 85, 000 Finished (sold) Finished In (unsold) processExplanation / Answer
Job 306
Job 307
Job 308
April Total
From March
Direct Materials
$29,000
$35,000
$64,000
Direct Labor
20,000
18,000
38,000
Applied overhead
10,000
9,000
19,000
Beginning goods in process
$59,000
$62,000
$0
$121,000
For April
Direct Materials
135,000
220,000
100,000
455,000
Direct Labor
85,000
150,000
105,000
340,000
Applied overhead
42,500
75,000
52,500
170,000
Total costs added in April
262,500
445,000
257,500
965,000
Total costs (April 30)
$321,500
$507,000
$257,500
1,086,000
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
2
a
b
c
f
g
h
i
j
Job 306
Job 307
Job 308
April Total
From March
Direct Materials
$29,000
$35,000
$64,000
Direct Labor
20,000
18,000
38,000
Applied overhead
10,000
9,000
19,000
Beginning goods in process
$59,000
$62,000
$0
$121,000
For April
Direct Materials
135,000
220,000
100,000
455,000
Direct Labor
85,000
150,000
105,000
340,000
Applied overhead
42,500
75,000
52,500
170,000
Total costs added in April
262,500
445,000
257,500
965,000
Total costs (April 30)
$321,500
$507,000
$257,500
1,086,000
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
2
a
Raw materials inventory 500000 Accounts Payable 500000b
Work in Process inventory 455000 Raw materials inventory 455000c
Work in Process inventory 340000 Cash 340000 d Factory overhead 23000 Cash 23000 e Work in Process inventory 170000 Factory overhead 170000f
Factory overhead 50000 Raw materials inventory 50000 Factory overhead 19000 Cash 19000 Factory overhead 51000 Accumulated depreciation-factory equipment 51000 Factory overhead 32000 Cash 32000g
Finished goods inventory 828500 Work in Process inventory 828500h
Cost of goods sold 321500 Finished goods inventory 321500i
Cash 635000 Sales 635000j
Cost of goods sold 5000 Factory overhead 5000Related Questions
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