D Required information [The following information applies to the questions displayed below) Marcelino Co's March 31 Inventory of raw materials is $90,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are Indirect materials, $58,000; indirect labor $25,000 factory rent. $37,000, factory utilities, $20,000, and factory equipment depreciation, $51,000 The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in April. Costs of the three Jobs worked on in April follow Job 306 Job 307 Balances on March 31 Direct materials $ 26,000 $ 43,000 Direct labor 25,000 Applied overhead 12,500 Costs during April Direct materials 132,000 205,000 $120,000 Direct labor 100,000 152,000 Applied overhead Status on April 30 (sold) (unsold) process Job 308 13,000 6,500 103,000 ? In Finished Finished Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31) Job 306 Job 307 Job 308 April Total $ $ 43 000 26,000 25,000 12.500 13.000 6,500 $ 69,000 38.000 19,000 $ 0 From March Direct Materials Direct Labor Applied overhead Beginning goods in process For April Direct Materials Direct Labor Applied overhead Total costs added in April Total costs (April 30) 132,000 100 000 205,000 152.000 120,000 103,000 457.000 355 000 0 812.000 232.000 357.000 223,000 $ 0 Finished (sold) Status on April 30 April 30 cost included in Finished (unsold) In process