Ciolino Co.'s March 31 inventory of raw materials is $130,000. Raw materials purchases in April are $450,000, and factory payroll cost in April is $237,000. Overhead costs incurred in April are: indirect materials, $30,000; indirect labor, $14,000; factory rent, $17,000; factory utilities, $11,000; and factory equipment depreciation, $20,200. The predetermined overhead rate is 40% of direct labor cost. Job 306 is sold for $390,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307Job 308 Balances on March 31 $ 8,000 13,000 5,200 22,000 Direct materials Direct labor Applied overhead 14,000 5,600 Costs during April Direct materials Direct labor Applied overhead 05,000 41000 70,000 75,000 62,000 120,000 Status on April 30 Finished (sold) Finished (unsold) In process