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Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The followProblem 15-1A Part 1 Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materiProblem 15-1A Part 2 a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assProblem 15-1A Part 3 3. Prepare a schedule of cost of goods manufactured. MARCELINO COMPANY Schedule of Cost of Goods ManufacProblem 15-1A Part 4 4.1 Compute gross profit for April. Gross Profit $ 302,000 4.2 Show how to present the inventories on th

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Answer #1

4.2) Balance sheet presentation

Inventories
Raw material 86000
Work in process 264500
Finished goods 508000
Total inventories 858500
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