Ciolino Co.'s March 31 inventory of raw materials is $140,000. Raw materials purchases in April are $460,000, and factory payroll cost in April is $210,000. Overhead costs incurred in April are: indirect materials, $27,000; indirect labor, $12,000; factory rent, $22,000; factory utilities, $11,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 60% of direct labor cost. Job 306 is sold for $400,000 cash in April. Costs of the three jobs worked on in April follow.

	Job 306				Job 307				Job 308
Balances on March 31
Direct materials		$	11,000			$	14,000
Direct labor			12,000				12,000
Applied overhead			7,200				7,200
Costs during April
Direct materials			75,000				190,000			$	75,000
Direct labor			24,000				64,000				110,000
Applied overhead			?				?				?
Status on April 30	Finished (sold)				Finished (unsold)					In process

Prepare a manufacturing statement for April (use a single line presentation for direct materials and show the details of overhead cost).

	CIOLINO COMPANY
	Manufacturing Statement
	For Month Ended April 30
Factory Overhead
Total Factory Overhead
Total Manufacturing Costs
Total Cost of goods in process
cost of goods manufactured

4.1	Compute gross profit for April.

4.2	Show how to present the inventories on the April 30 balance sheet.