Marco Company shows the following costs for three jobs worked on in April.Job 306Job 307$ 36,000$ 30,00025,00012,50018,0009,000Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during AprilDirect materials usedDirect labor used.Overhead appliedStatus on April 30134,000101,000?Finished(sold)215,000150,000?Finished(unsold)Job 308$ 105,000102,000?In processCheck my workAdditional Informationa. Raw Materials Inventory has a March 31 balance of $89,000.b. Raw materials purchases in April are $530,000, and total factory payroll cost in April is $377,000.c. Actual overhead costs incurred in April are indirect materials, $56,000; indirect labor, $24,000;factory rent, $37,000; factory utilities, $24,000; and factory equipment depreciation, $61,000.d. Predetermined overhead rate is 50% of direct labor cost.e. Job 306 is sold for $695,000 cash in April.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.6Req 5AReq 58Compute gross profit for April.Gross profit5-a. Compute gross profit for April.5-b. Show how the three inventory accounts are reported on the April 30 balance sheet.Req 5AComplete this question by entering your answers in the tabs below.Req 58$0

Name: Marco Company shows the following costs for three jobs worked on in A
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Marco Company shows the following costs for three jobs worked on in April.Job 306Job 307$ 36,000$ 30,00025,00012,50018,0009,000Balances on March 31Direct materials used (in March)Direct labor used (in March)Overhead applied (March)Costs during April