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Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $37,000; factory utilities, $24,000; and factory equipment depreciation, $61,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 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		$	28,000			$	36,000
Direct labor			21,000				15,000
Applied overhead			10,500				7,500
Costs during April
Direct materials			134,000				200,000			$	115,000
Direct labor			105,000				152,000				103,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)				Finished (unsold)					In process
Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March Direct Materials $ 64,000 Direct Labor Applied overhead Beginning goods in process For April 28,000 21,000 10,500 59,500 36,000 15,000 7,500 58,500 36,000 18,000 118,000 | $ Direct Materials 449,000 200,000 152,000 115,000 103,000 Direct Labor 360,000 134,000 105,000 52,000 291,000 Applied overhead 52,000 Total costs added in April 352,000 218,000 861,000 Total costs (April 30) Status on April 30 April 30 cost included in: Finished (sold) Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory

Answer 1

	Job 306		Job 307		Job 308		April Total
From March
Direct Materials	$28,000		$36,000				$64,000
Direct Labor	$21,000		$15,000				$36,000
Applied overhead	$10,500		$7,500				$18,000
Beginning goods in process	$59,500		$58,500				$118,000
For April
Direct Materials	$134,000		$200,000		$115,000		$449,000
Direct Labor	$105,000		$152,000		$103,000		$360,000
Applied overhead	$52,500		$76,000		$51,500		$180,000
Total costs added in April	$291,500		$428,000		$269,500		$989,000
Total costs (April 30)	$351,000		$486,500		$269,500		$1,107,000
Status on April 30	Finished (sold)		Finished (unsold)		In Process
April 30 cost included in:	Cost of goods sold		Finish goods inventory		Work in process inventory
Working
Applied overhead	($105,000 x 50%)		($152,000 x 50%)		($103,000 x 50%)