28 Part 4 of 4 8 points Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $27,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job 308 Balances on March 31 Direct materials $ 26,000 Direct labor 02:06:05 Applied overhead 21,000 10,500 $ 40,000 15,000 7,500 Costs during April Direct materials 136,000 Direct labor Applied overhead Status on April 30 100,000 ? Finished (sold) 220,000 153,000 ? ? Finished In (unsold) process $120,000 104,000 4.1 Compute gross profit for April. Gross Profit