Check m 7 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 $85,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $377.000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22.000; factory rent, $32,000; factory utilities, $24,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665.000 cash in April. Costs of the three Jobs worked on in April follow. Book Job 307 Job 308 zrences $ 44,000 14,000 7,800 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 Job 386 $ 30,000 25,000 12,500 140,000 102,000 7 Finished (sold) 210,000 150,000 ? Finished (unsold) $120,000 103.000 ? In process Problem 15-1A Part 4 4-a. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet. 14 Applied overneau Status on April 30 Finished (sold) 1 Finished (unsold) 1 In process Part 4 of 4 Problem 15-1A Part 4 points 4-a. Compute gross profit for April 4-b. Show how to present the inventories on the April 30 balance sheet. eBook Complete this question by entering your answers in the tabs below. Print References Required 4A Required 4B Compute gross profit for April. Gross profit Required Required 48 ) t 4 of 4 Problem 15-1A Part 4 .nts 4-a. Compute gross profit for April. 4-6. Show how to present the inventories on the April 30 balance sheet. eBook Complete this question by entering your answers in the tabs below. Print References Required 4A Required 4B Show how to present the inventories on the April 30 balance sheet. Inventories Raw materials Work in process Finished goods Total inventories