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Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $84.400. b. Raw materials purchases in April are $511,000, and total factory payroll cost in April is $374.000. c. Actual overhead costs incurred in April are indirect materials, $52.750; indirect labor, $25,750; factory rent. $34,750. factory utilities, $21,750; and factory equipment depreciation, $53,750. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $646,000 cash in April. 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. Complete this question by entering your answers in the tabs below. Compute gross profit for April