ecure oncom/flow/correct.htmnreturnur-hrt ps%3A%2F%2F connectr apter 15 9 invent

Question

ecure oncom/flow/correct.htmnreturnur-hrt ps%3A%2F%2F connectr apter 15 9 inventory of raw matenals is $80,000 Raw materials purchases in Apnit are $580,000 and Marcelino Co's March 31 factory payroll cost in Apil is $378.000. Overhead $21000, factory rent, $32.000, factory unlities, $24,000, and factory equipment depreciation, $39000. The costs incurred in April are indirect materials, $59.000 indirect labor predetermined overhead rate is 50% of drect labor cost Job 306 is sold for S660 000 cash n Aot Cost of the three jobs worked on in April follow s 25,000 4,00 Costs during Agel i39,we aas, 000 $310, Stats on pril es Required otal of each production cost incurred for Aprit (drect labor direct materials, and applied overheadi, and the sotal essigned to each job including the balances from March 3t 39 000

Explanation / Answer

Job 306 Job 307 Job 308 Total From March material 25000 42000 67000 Labour 23000 15000 38000 Overheads 11500 7500 19000 Beginning cost in process 59500 64500 124000 For Appril Material 139000 205000 110000 454000 Labouor 100000 154000 103000 357000 Oh 50000 77000 51500 178500 Total cost incurred in April 289000 436000 264500 989500 Total cost April30 348500 500500 264500 1113500 Status Sold Unsold In process April30 cost included in: COGS Finished Goods WIP inventory

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