- Panzarella Company Shows The Following Costs For Three Jobs Worked On In April Job 306 Job 307 Job 308 43 400 34 60 1 (34.18 KiB) Viewed 51 times
Panzarella
Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 43,400 $ 34,600 25,600 12,800 20,800 10,400 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials Direct labor Applied overhead 140,600 96, 200 ? 228,400 164,000 ? $ 102,800 107,800 ? Finished Status on April 30 Finished (sold) In process (unsold) Additional Information a. Raw Materials Inventory has a March 31 balance of $94,000. b. Raw materials purchases in April are $505,600, and total factory payroll cost in April is $393,800. c. Actual overhead costs incurred in April are indirect materials, $52,800; indirect labor, $25,800; factory rent, $34,800; factory utilities, $21,800; and factory equipment depreciation, $56,600. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $660,000 cash in April.
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question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Panzarella
Company Trial Balance March 31, 2021 Cash Accounts receivable, net Raw materials inventory Work in process inventory Finished goods inventory Factory Equipment Accumulated depreciation - Factory equipment Accounts payable Common stock, $5 par value Paid-in capital in excess of par - Common Retained earnings Cost of goods sold Total Account Title < General Ledger Cost of Goods Mfg Job Costs > Gross Profit $ $ Debit 715,600 236,000 75,000 264,500 524,000 365,700 2,180,800 $ Credit 111,000 223,600 556,200 306,000 206,000 778,000 2,180,800