Chapter 19-Homework 5 0 Required informatiorn Pert 4 of Problem 19-1A Production costs computed and recorded: reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $570000, and factory payroll cost in April is $374,000 Overhead costs incurred in April are: indirect materials, $50,000, indirect labor $21000, factory rent, $39,000, factory utilities, $24,000 and factory equipment depreciation, S56000 The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in April tollow Print Refeeence ob 307 Job 38 Balances on March 31 matertals 31, 43,eee ofrect22,eee 15,eee 11,0ee overhead Costs during Apri1 Direct matertals 134,000 210,80e 12e,ee pirect1 labor 182,000 15e,e09 101,9 Applied overhead 2 Status on Finished Finished In April 38 (sold) (unsold) process Problem 19-1A Part 4 41 Compute gross profit for Apnit Pront xo ocuse Required information rt 4 of 4 4.1 Compute gross profit for April. ints Gross Proft eBook Print References 4.2 Show how to present the inventories on the April 30 balance sheet. Raw materials Work in process Finished goods Total inventories 02 ocused