5 ! Part 2 of 3 5 points eBook Ask Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $391,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $29,000; factory rent, $36,000; factory utilities, $20,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 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 Direct labor $ 30,000 $ 37,000 Applied overhead Costs during April 22,000 11,000 13,000 6,500 Direct materials 134,000 205,000 $120,000 Direct labor 104,000 Applied overhead ? Status on April 30. Finished (sold) 155,000 ? Finished (unsold) 103,000 ? In process Check my wo