Additional Information a. Raw Materials Inventory has a March 31 balance of $86,000. b. Raw materials purchases in April are $580,000, and total factory payroll cost in April is $381,000. c. Actual overhead costs incurred in April are indirect materials, $53,000; indirect labor, $23,000; factory rent, $37,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $655,000 cash in April. 4. Prepare a schedule of cost of goods manufactured for the month end April 30