252mm/education.com%252Fmghmiddleware Assignments 2228A ACC-100x Question?-Chap 15 Hone X https//etombeducation.com/ext/map/index.html concedema Shat Chap 15 Homework 7 Part 4 of 4 125 Don Saoed edlock Pr Required information (The following information applies to the questions displayed below) Marcelino Co's March 31 inventory of raw materials is $85,000 Raw materials purchases in April are $590,000, and factory payroll cost in April is $384,000 Overhead costs incurred in April are indirect materials, $55,000 indirect labor $28,000, factory rent. $38.000, factory utilities $20,000 and factory equipment depreciation $61,000. The predetermined overhead rate is 50% of direct labor cost, Job 306 is sold for $700,000 cash in April Costs of the three jobs worked on in April follow Balances on March 31 Direct materials Direct labor Applied overhead Costs during April $ 28,000 23,000 $ 14,100 25,000 11,500 7,500 Direct materials 135,00 1385,000 Direct labor 300,000 152,900 385,000 Applied overhead Status on April Finished Finished (sold) Seferences MC Graw H 4-a. Compute gross profit for Apel 4-b. Show how to present the inventories on the Aprit 30 balance sheet Complete this question by entering your answers in the tabs below Required 4A Required 4 Show how to present the inventories on the Apr 30 balance sheet Inventories Raw materials Work in process Finished goods Total inventories $ 1000