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Required information Problem 15-2A (Algo) Computing and recording job costs; preparing
schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to
the questions displayed below] Marco Company shows the following costs for three jobs worked
on in Aptil. Additional Information a. Raw Materiats inventocy has a March 31 balance of $80.000.
b. Raw materials purchases in April are $570,000, and total factory payroll cost in April is $384,
000. c. Actual overhead costs incurred in Aprit are indirect materials, $50,000; indirect labor, $26,
000; factory rent, 539,000 . tactory utilities, $22,000, and factory equipment depreciation, $61,000
d. Predetermined overhead rate is 505 of direct labor cost. e. Job 306 is sold for $670,000 cash in
Aprit, Problem 15-2A (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.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.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. Show
how the three inventory accounts are reported on the April 30 balance sheet.

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Required information Problem 152A Algo Computing and reco.pdf

  • 1. Required information Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in Aptil. Additional Information a. Raw Materiats inventocy has a March 31 balance of $80.000. b. Raw materials purchases in April are $570,000, and total factory payroll cost in April is $384, 000. c. Actual overhead costs incurred in Aprit are indirect materials, $50,000; indirect labor, $26, 000; factory rent, 539,000 . tactory utilities, $22,000, and factory equipment depreciation, $61,000 d. Predetermined overhead rate is 505 of direct labor cost. e. Job 306 is sold for $670,000 cash in Aprit, Problem 15-2A (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.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.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. Show how the three inventory accounts are reported on the April 30 balance sheet.