1. Calculate Gross profit

2. Show how the three inventory accounts are reported in the April 30 balance sheet

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 $80,000, b. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000. c. Actuat overhead costs incurred in Aprit are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $635,000 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