Marco Company shows the following costs for three jobs worked on in April. Additional Information
a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in
April are $540,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs
incurred in April are indirect materials, $54,000; indirect labor, $26,000; factory rent, $39,000;
factory utilities, $24,000; and factory equipment depreciation, $63,000. d. Predetermined overhead
rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. Problem 2-2A (Algo)
Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are
reported on the April 30 balance sheet. Complete this question by entering your answers in the
tabs below. Compute gross profit for April.Show how the three inventory accounts are reported on
the April 30 balance sheet.
Marco Company shows the following costs for three jobs worke.pdf
1. Marco Company shows the following costs for three jobs worked on in April. Additional Information
a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in
April are $540,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs
incurred in April are indirect materials, $54,000; indirect labor, $26,000; factory rent, $39,000;
factory utilities, $24,000; and factory equipment depreciation, $63,000. d. Predetermined overhead
rate is 50% of direct labor cost. e. Job 306 is sold for $680,000 cash in April. Problem 2-2A (Algo)
Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are
reported on the April 30 balance sheet. Complete this question by entering your answers in the
tabs below. Compute gross profit for April.Show how the three inventory accounts are reported on
the April 30 balance sheet
