4 1 of 4 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 Cob 306 266 507 306 308 Direct materials Direct labor 528,000 23,000 $ 38,000 15,000 ints Applied overhead 11,500 7.500 Costs during April Direct materials 135,000 210,000 $105,000 Direct labor 100,000 151,000 105,000 Applied overhead eBook Status on April 30 Finished (sold) Finished In (unsold) process Print eferences Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31) Job 306 Job 307 Job 300 April Total From March Direct Materials $ 20.000 $ 38,000 Direct Labor 23,000 15,000 Applied overhead 11,500 7,500 $66.000 38,000 19,000 Beginning goods in process $ 62,500 $ 60.500 S 0 $123,000 For April Direct Materials 135,000 210,000 105.000 450,000 Direct Labor 100.000 151,000 105,000 356,000 Applied overhead 50,000 75.500 52.500 178,000 Total costs added in April 285,000 436,500 262,500) 904.000 Total costs (April 30) $ 347,500 S 497,000 $ S 262.500 1,107,000 Status on April 30 Finished (sold) April 30 cost included in Cost of goods sold Finished (unsold) Finished goods inventory In process Work in process inventory