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  3. marcelino cos march 31 inventory of raw materials is 81000...

Question: marcelino cos march 31 inventory of raw materials is 81000...

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Marcelino Co.'s March 31 inventory of raw materials is $81,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $378,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $25,000; factory rent, $38,000; factory utilities, $22,000; and factory equipment depreciation, $60,000. The predetermined overhead rate 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
Balances on March 31
Direct materials $ 26,000 $ 43,000
Direct labor 23,000 19,000
Applied overhead 11,500 9,500
Costs during April
Direct materials 134,000 215,000 $ 120,000
Direct labor 101,000 151,000 101,000
Applied overhead ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process

3. Prepare a schedule of cost of goods manufactured. Answer is not complete. MARCELINO COMPANY Schedule of Cost of Goods Manu

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