Job 306 job 307 job 308 april total from march direct

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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 $59,000 $62,000 $0 $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 42,500 75,000 52,500 170,000 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 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 2. Transaction General Journal Debit Credit a(1) Raw materials inventory 500,000 Accounts payable 500,000 a(2) Factory payroll 363,000 Cash 363,000 a(3) Factory overhead 50,000
Raw materials inventory 50,000 a(4) Factory overhead 23,000 Factory payroll 23,000 a(5) Factory overhead 32,000 Cash 32,000 a(6) Factory overhead 19,000 Cash 19,000 a(7) Factory overhead 51,000 Accumulated depreciation-factory equipment 51,000 b(1) Goods in process inventory 455,000 Raw materials inventory 455,000 b(2) Goods in process inventory 340,000 Factory payroll 340,000 b(3) Goods in process inventory 170,000 Factory overhead 170,000 c Finished goods inventory 828,500 Goods in process inventory 828,500 d Cost of goods sold 321,500 Finished goods inventory 321,500 e Cash 635,000 Sales 635,000 f Cost of goods sold 5,000 Factory overhead 5,000 3.
CIOLINO COMPANY Manufacturing Statement For Month Ended April 30 Direct materials used $455,000 Direct labor used 340,000 Factory overhead Indirect materials 50,000 Indirect labor 23,000 Factory rent 32,000 Factory utilities 19,000 Depreciation of equipment 51,000 Total factory overhead 175,000 Total manufacturing costs 970,000 Add: Goods in process March 31 121,000 Total cost of goods in process 1,091,000 Less: Goods in process April 30 (257,500) Less: Underapplied overhead

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