Question

Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $29,000; factory rent, $40,000; factory utilities, $21,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 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			$	37,000
Direct labor			22,000				16,000
Applied overhead			11,000				8,000
Costs during April
Direct materials			130,000				215,000			$	105,000
Direct labor			104,000				151,000				100,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)				Finished (unsold)					In process

rev: 03_14_2018_QC_CS-121813

Problem 2-1A Part 1

Required:
1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost

	Job 306		Job 307		Job 308		April Total
From March
Direct Materials	$26,000		$37,000				$63,000
Direct Labor	22,000		16,000				38,000
Applied overhead	11,000		8,000				19,000
Beginning goods in process
For April
Direct Materials	130,000		215,000		105,000		450,000
Direct Labor	104,000		151,000		100,000		355,000
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:

Note: Please solve the problem completely

Thank you

Answer 1

	Job 306	Job 307	Job 308	April Total
From March
Direct Materials	26000	37000		63000
Direct Labor	22000	16000		38000
Applied overhead	11000	8000		19000
Beginning goods in process	59000	61000	0	120000
For April
Direct Materials	130000	215000	105000	450000
Direct Labor	104000	151000	100000	355000
Applied overhead	52000	75500	50000	177500
Total costs added in April	286000	441500	255000	982500
Total costs (April 30)	345000	502500	255000	1102500
Status on April 30	Finished (sold)	Finished (unsold)	In process
April 30 cost included in:	Cost of goods sold	Finished goods inventory	Goods in process inventory