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Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April 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 depreciation, $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.

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
Balances on March 31
Direct materials		$	29,000			$	35,000
Direct labor			20,000				18,000
Applied overhead			10,000				9,000
Costs during April
Direct materials			135,000				220,000			$	100,000
Direct labor			85,000				150,000				105,000
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	$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
For April
Direct Materials	135,000		220,000		100,000		455,000
Direct Labor	85,000		150,000		105,000		340,000
Applied overhead
Total costs added in April
Total costs (April 30)
Status on April 30	Finished (sold)		Finished (unsold)		In process
April 30 cost included in:

Answer 1

			Job 306	Job 307	Job 308	April
1)						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		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			42500	75000	52500	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
Satus on april 30			fin(sold)	fin(unsold)	in process
April costs included in :			COGS	finished	WIP
				goods
				inventory